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Equicapita Update Thomas Syvret Joins Investment Team
FOR IMMEDIATE RELEASE, ATTENTION INVESTMENT EDITORS May 28th, 2014 - Calgary
Equicapita Income Trust (Equicapita, the Fund) is pleased to announce that Thomas Syvret joins
Equicapita as a Vice President. Prior to joining Equicapita Thomas spent 12 years at Ernst & Young,
Chartered Accountants (E&Y), including 3 years in the audit practice and 9 years in E&Ys Transaction
Advisory Services (TAS) practice.

Thomas has significant transaction (acquisition) experience serving both private equity and strategic
clients across a wide array of industries, including, amongst others, energy services, manufacturing,
distribution, construction, telecommunications, and retail.

Thomas has advised on over 75 transactions across Canada and the United States and, while he has
advised on numerous large transactions, a significant proportion of his deal experience is in the mid-
market or SME space. Services provided included buy-side and sell side due diligence, financing advice
and consultations regarding purchase price adjustments mechanisms and post transaction closing
adjustments. Thomas is a Chartered Accountant (2004) and holds a Bachelor of Business Administration
(Honours) from Mount Saint Vincent University.

Stephen Johnston, one of the co-founders of the fund, stated, We are delighted to have someone of
Thomas skill and expertise join the team. We look forward to working with him over the coming years as
we build Equicapita.

Equicapita is a private equity buyout fund based in Calgary, Alberta. The fund is focused on acquiring
private, western Canadian businesses with enterprise values ranging from $5 million to $20 million. The
fund is an RRSP eligible investment vehicle that streams the cash flow from private operating companies
to its investors on a priority basis.

This news release may contain certain information that is forward looking and, by its nature, such forward-
looking information is subject to important risks and uncertainties. The words "anticipate," "expect," "may,"
"should" "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward
looking information. Those forward-looking statements herein made by Equicapita, if any, reflect
Equicapita's beliefs and assumptions based on information available at the time the statements were
made. Actual results or events may differ from those anticipated or predicted in these forward-looking
statements, and the differences may be material. Factors which could cause actual results or events to
differ materially from current expectations include, among other things: risks associated with the
ownership and operation of businesses, including fluctuations in interest rates; general economic
conditions; supply and demand for businesses; competition for available businesses; changes in
legislation and the regulatory environment; and international trade and global political conditions. Readers
are cautioned not to place undue reliance on any forward-looking information contained in this news
release (if any), which is given as of the date it is expressed herein. Equicapita undertakes no obligation
to update publicly or revise any forward-looking information, whether as a result of new information, future
events or otherwise.