About Us

Kluane Partners (“klü-ȯn-eē”) is a distinguished corporate and capital finance advisory firm located in downtown Calgary. Kluane Partners and its team has developed and executed numerous solutions for non-profits, medium sized businesses, and large corporations with deals ranging in value from $1MM - $150MM. Taking a client-centric approach, Kluane focuses on designing and executing cost-effective strategies to achieve each client’s organizational objectives. Kluane helps clients successfully meet these objectives with the combined 40 plus years of executive expertise in banking and accounting of managing partners Cam Sherban and Charles Bougie. Thus, Kluane Partners’ involvement in clients’ projects adds credibility and inspires confidence in investors and lenders alike.

Expertise

CAPITAL ADVISORY & FINANCIAL SERVICES

Kluane Partners Will Find Solutions For Your Financing And Capital Needs

GROWTH CAPITAL

  • Joint Ventures
  • Mergers and Acquisitions
  • Market Consolidation
  • Growth Capex

DISTRESSED LENDING

  • Working Capital Requirements
  • Major Covenant Breach
  • Distressed Debt Purchase
  • Recapitalizations
  • Deficiency Payments

SHAREHOLDER CHANGES

  • Shareholder Take-Outs, “Shot-Guns”
  • Management Buy-Outs, Leveraged Buy-outs
  • Recapitalizations, Privatizations
  • Succession Plans
  • Health Issues

CORPORATE ADIVSORY & RESTRUCTURING SERVICES

Kluane Partners Will Develop Workable Solutions To Preserve Corporate Value

DEBTORS

  • Develop, Negotiate, and Manage Agreements and Discussion with Creditors
  • Provide Interim Management Support via a Chief Restructuring Officer (CRO)
  • Develop and Implement Cost Reduction Initiatives While Stabilizing Core Operations
  • Identify and Pursue Liquidity And Financing Options and Provide Financial Projections
  • Establish, And Maintain Communications With Key Stakeholders (Banks, Boards, Shareholders)

CREDITORS

  • Monitor Debtor Compliance With Forbearance Agreements While also Providing Accurate Information To Creditors
  • Analysis of Pro-forma Short and Long-Term Cash Flow Projections and Review and Reporting On All Transactions
  • Review/Develop Financial Models and Sensitivity Analysis and Analyze Historical Financial Results

BUSINESS OWNERS

Kluane Partners’ offers unique cost-effective accounting, finance, and restructuring solutions to maximize shareholder value and business wealth. Kluane focuses on helping businesses navigate and succeed throughout the many stages of their development and will always find creative financing solutions for its clients, regardless of their stage or status. Kluane Partners has already had the opportunity to help many companies achieve their financial goals, and through this success been able to build a strong reputation in the Alberta market place. Kluane can help businesses:

  • Gain access to growth capital, working capital, debt, and equity
  • Find take-out financing for disgruntled lenders
  • Navigate stakeholder relationships in an insolvency situation
  • Enrich relationship(s) with existing lender(s) by improving accounting and transparency
  • Develop creative structures to optimize the use of financing to improve overall operations and create long-lasting business wealth

“After running my family business for over 20 years I realized there was an opportunity to expand. I didn’t know how to navigate this transition, nor was my company prepared for growth. Kluane was able to help me develop a strategy, find me capital, and help with my internal accounting.” – CEO O&G SERVICES

“My company was in a difficult situation with our lender. We missed multiple loan payments due to the economic climate. Kluane Partners helped us manage this relationship, bought us more time, and found us short-term financing to get through the difficult months. Would definitely recommend.”
– OWNER/OPERATOR TRUCKING

LENDERS

Kluane Partners takes pride in maintaining strong relationships with various institutional lenders throughout Canada. Kluane’s involvement on lender projects ensures speed and accuracy of results while also allowing lenders to focus on more pressing work. Due to a proven track record of success and trustworthy team of professionals, over 75% of Kluane’s clients derive from a lender referrals. Kluane Partners can help lenders:

  • Supplement the debtors management team and accounting staff to provide transparency and address critical needs
  • Mitigate risk by acting as an intermediary with debtors
  • Analysis of debtors internal controls and corporate business plan, outlining reasonableness of assumptions
  • Improve the flow of communication with debtors and provide accurate weekly reporting to lenders

“Kluane was able to help us with one of our difficult clients. They came in and provided accurate weekly reporting. Working with our client and Kluane we were able to wind-down our position successfully” – SPECIAL LOANS – CANADIAN SCHEDULE 1 BANK

“Cam was brought in to deal with a distressed client. Him and his team were able to clean-up the story, mitigate our loss, and find another lender to buy our paper ”
– DIRECTOR – PRIAVTE EQUITY

SUCCESS STORIES

Kluane Partners has successfully developed and executed solutions for many different companies. This is a small sample of Kluane Partners’ success stories.

O&G PRODUCER

Mid-sized Oil & Gas producer breached covenants with lender, which triggered loan repayment and cash sweeps. Management was not able to manage crisis thus CFO resigned.

  • Negotiated 60 days from lender
  • Developed recapitalization plan
  • Secured take-out financing

FUNERAL HOME CHAIN

Management was looking for a financial partner who would provide $20 – $30MM growth capital to acquire additional funeral homes in Western Canada.

  • Successfully replaced existing $7MM senior debt loan with revolving facility of $20MM
  • Provided advisory services on three funeral home acquisitions
  • On track to double in annual revenue and EBITDA

O&G SERVICES

Medium sized O&G services company grossing $10MM in revenue a year had poor accounting and internal controls. Company unable produce accurate financial reporting.

  • Two full-time designated accountants staffed
  • Successfully recreated two years of accounting records and provided weekly reporting to lender
  • Uncovered over $750,000 of lost working capital

THE ASSOCIATION FOR CORPORATE GROWTH

The non-for-profit Calgary Chapter for the ACG had poor accounting records and had significant loss of income due to poor event attendance and poor collections of receivables.

  • Assigned team of accountants to take control of bookkeeping
  • Enhanced reporting function and overall customer service
  • Calgary Chapter now has cash surplus

STEEL MANUFACTURING

Mid-sized steel manufacturer had severe working capital issues and material liabilities with Canada Revenue Agency. Management unable to manage crisis.

  • Interim CEO on-site facilitating stakeholder relationships
  • Crisis management of AP and AR
  • Successfully limited shareholder personal guarantees
  • Negotiated terms to repay creditors

OIL FIELD SERVICES

Business received 10 day notice from lender to enforce on company’s assets as well as personal guarantees. Lender appointed a Monitor to review their position.

  • Successfully managed relationship with Monitor and lender
  • Assisted with negotiations with new lender and secured financing
  • Company now grossing $15MM per year

THE LUTHERAN CHURCH

AB/ BC District of the Lutheran Church had two investment funds totaling ~$140MM with 3600 individual depositors. The funds were insolvent and filed for CCAA in Jan 2015.

  • Kluane acted as Chief Restructuring Officer
  • Developed plan to monetize investments
  • Solidified accounting controls
  • Created value and strategized corporate carve-out with cash-flowing assets

O&G PARTS SUPPLIER

O&G parts supplier had no designated accountant and was unable to provide adequate reporting. Lender threatened to put company into default and pursue personal guarantees.

  • Chartered accountant on-site full time
  • Implemented accounting controls
  • Successfully delivered accurate and timely reporting
  • Relationship with lender vastly improved

TRANSPORTATION

Services company no longer reporting or communicating with Lender due to the status of the company. Lender’s relationship with client no longer manageable.

  • Successfully mediated relationship between the lender and its client
  • Provided accurate weekly reporting
  • Strategized a plan for lender to wind-down their position

Team

Kluane Partners has a niche team of experienced professionals with over 50 years of combined experience and various complimentary skills.

CAM SHERBAN Managing Director
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CAM SHERBAN

Managing Director


Cam Sherban, CA is a Managing Director as well as co-founder of Kluane Partners. He leads Kluane’s Corporate Advisory and Debt Restructuring services. Cam is a Chartered Accountant and restructuring professional with 18 years of experience in Western Canada. Prior to starting Kluane, Cam has served as a Chief Restructuring Officer for a variety of businesses throughout Alberta with deal sizes ranging between $1MM – $140MM. Cam has successfully been able to work with various underperforming entities, where directors or creditors have lost confidence in the management team, and been able to turn them around. Cam began his career with PricewaterhouseCoopers in their turnaround practice and continues to advise both companies and lenders through challenging times.

Cam holds a Bachelor of Commerce degree from The University of Alberta and is a member of the Chartered Professional Accountants of Canada (CPA).

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ZACHARY BOARD Associate
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ZACHARY BOARD

Associate


Zachary Board has been with Kluane Partners since 2014 and works for both the Accounting and Debt Restructuring departments. Over the past years, he has worked alongside the Kluane team to review and repair unreliable financial statements, implement proper controls and procedures, manage and forecast cash flows, and provide financial data to assist in the decision making process. Zach has experience working with many companies in many different industries, each with varying financial situations. Zach’s most recently worked on a restructuring of a distressed O&G firm.

Zach is currently working towards his CPA while working with Kluane Partners.

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CHARLES BOUGIE Managing Director
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CHARLES BOUGIE

Managing Director


Charles co-founded Kluane Partners in 2014 and leads Kluane’s Capital Advisory and Financial services practice. Charles made a career of investing institutional capital (Novacap, EDC Equity, BMO Capital Partners, Alberta Teachers’ Retirement Fund) in privately owned companies in a variety of industries across Canada, the United States and Europe. Charles originated, structured and closed over 40 transactions ranging from private equity leverage buyouts, management buyouts, venture capital, growth capital financings, mezzanine to a variety of debt financings. He also played an instrumental role at a successful start-up venture named Daiya Foods (raising capital and leading operations) and was a consultant at a firm named USC Consulting Group which specializes in process improvement and operational excellence serving fortune 500 client.

Charles holds a Bachelor of Commerce Degree from Concordia University and a Masters in Business Administration from Ivey Business School. Charles is a member of the Canadian Venture Capital & Private Equity Association (CVCA), is the Executive Director and Treasurer of the Association for Corporate Growth (ACG) Calgary Chapter, and is a former board member of the Alberta Bicycle Association. On weekends Charles is known to be an outdoor enthusiast, typically spending time skiing or cycling.

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SHERRY PATONE Associate
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SHERRY PATONE

Associate


Sherry Patone, BBA joined Kluane Partners in late 2016 as an associate for both Kluane’s Capital Advisory and Corporate Advisory practices. Since joining the team, she has focused on financial modelling, analysis, and lead generation.
Prior to joining Kluane Partners, Sherry worked as a Cost Control Lead for a local engineering firm catering to the O&G industry. She also gained valuable international experience when she had the opportunity to work and live in Buenos Aires, Argentina thus, she is now fluent in Spanish.

Sherry graduated at the top of her class from Mount Royal University and holds a Bachelor of Business Administration degree with a focus in Finance and Marketing. Sherry’s international experience, marketing knowledge, and personality make her a valuable addition to the team.

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We have access to capital from all sources

 

Kluane Partners is well versed in closing numerous transactions from a variety of sources and types of capital.
The team will seek financing alternatives and will structure and close a deal that aligns the interests of all stakeholders of the company.

Contact Us

Kluane Partners

Suite 410
505-8th Avenue SW
Calgary, Alberta T2P 1G2

PH: 403.970.0449

 

KLUANE PRONOUNCED “KLÜ-ȮN-EĒ”

 

Kluane National Park and Reserve are two units of Canada’s national park system, located in the extreme southwestern corner of Yukon, Canada. Kluane National Park Reserve was established in 1972, covering 22,013 square kilometers (8,499 sq mi). The park includes the highest mountain in Canada, Mount Logan (5,959 m or 19,551 ft) of the Saint Elias Mountains. Mountains and glaciers dominate the park’s landscape, covering 82% of its area. It contains close to 105 species of birds, including the rock ptarmigan and the golden and bald eagle.