Flow Capital Announces Appointment of Alex Baluta as CEO
TORONTO, December 4, 2018 – Flow Capital Corp. (TSXV: FW) (“Flow Capital”,“Flow” or the “Company”) is pleased to announce that Alex Baluta has been appointed Chief Executive Officer of the Company.
Mr. Baluta brings a wealth of relevant experience to the role, most recently as Founder and CEO of Temperance Capital, a royalty investor in small and medium sized enterprises across North America. Previously, Mr. Baluta held roles in business development in a software company, and was an investment banker and #1 rated software research analyst with experience with firms in both Canada and the United States.
“We are very pleased to have a person of Alex’s integrity, energy and experience join the Flow Capital team”, said Vernon Lobo, Chairman of Flow. “In particular, Alex has strong capital markets experience with both retail and institutional investors and is very familiar with markets on both sides of the border. His skills are complementary to the existing Flow management team. We look forward to the contributions that Alex will be making.”
“I am thrilled to be joining the team at Flow,” said Alex Baluta. “I strongly believe that emerging growth businesses continue to be underserved by traditional funding sources, including restrictive bank debt and dilutive equity capital. Flow’s unique revenue-linked growth capital is perfectly suited to meeting the needs of emerging growth companies. I look forward to working in partnership with Robb McLarty and the rest of the Flow team to help grow our business and expand our market share in this dynamic market.”
Robb McLarty will continue in the role of Chief Investment Officer and will focus on building shareholder value through deal sourcing and execution, in particular in the United States.
About Flow Capital
Based in Toronto, Flow Capital Corp. is a diversified alternative asset investor and advisor, operating two divisions: an investment operation providing revenue-linked capital to emerging growth businesses, and an institutional advisory sales platform providing pension funds, charities and endowment clients with access to leading institutional money managers from around the world. Learn more at www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Chief Executive Officer
Phone: (416) 777-0383