Our team combines experience from private equity, consumer products and retail, corporate finance, and commercial banking and are keen to share this expertise with our investees.
Exotic travel with his kids
Terry Holland has been involved in the Canadian private equity market for over 25 years. A commerce graduate of the University of British Columbia, Terry earned his CA designation in 1981 and was awarded the FCA designation in 2009. After a few years in public practice, followed by several years in real estate development and then in mining finance, Terry joined Trimin Enterprises Inc., a private equity firm, as president. Over the next 7 years Terry would play a lead role in Trimin Enterprises’ success as a growth partner for mid-sized businesses. Anchored on its Partners in Industry philosophy, Trimin Enterprises sought to add new knowledge and experience to capable management teams rather than add burdensome control and oversight to its investments. This philosophy proved highly successful, leading to rapid growth in the company’s investments. Trimin Enterprises started out with approximately $11 million in cash in 1990 and ended 1997 with consolidated sales of $357 million, earnings of $14 million and total assets of $350 million. In 1998, Trimin Enterprises was reorganized into Trimin Capital Corp., which also experienced substantial success under Terry’s leadership. Starting out with cash and investments of approximately $8.5 million, Trimin Capital ended 2003 with consolidated sales of $54 million and total assets of $74 million. Terry left Trimin Capital in 2004, when he launched Krystal Financial Corp., where he has had similar success investing in and working with small to mid-sized western based companies. Terry currently serves as Krystal's president and CEO.
Terry is a past Chair of the BC Chapter of the Young Presidents' Organization and World Presidents' Organization (WPO), and is also a graduate of Harvard's President's Program in Leadership. Also active in his community, Terry is a past chair of the Boys and Girls Clubs of South Coast BC, and past board member of St. George's School.
Paul’s depth of consumer products experience comes from a successful career with Diageo plc, where he spent fifteen years in various divisional roles in Canada and the U.S., ultimately resulting in his appointment as President and CEO of Diageo North America. Diageo, headquartered in London, UK, is the world's largest producer of spirits and a major producer of beer and wine. Its brands include Smirnoff (the world's best-selling vodka), Johnnie Walker (the world's best-selling whisky) and Jose Cuervo (the world's best-selling tequila), amongst many other successful brands. Diageo sells its products in approximately 180 countries worldwide and has offices in 80 of these countries. During his time at Diageo, Mr. Clinton also sat on the Board of Directors of the Distilled Spirits Council of the United States.
More recently, Paul is the former CEO of Everything Wine Inc., a privately held wine retailer with various locations in BC. Everything Wine spearheaded large format wine retail in the BC marketplace, where it is currently the largest private seller of wine. Paul sold Everything Wine to the Overwaitea Food Group in 2011. Paul was the former Managing Partner of Krystal investment Key Food Equipment Services, Western Canada's largest commercial kitchen equipment service business. Paul also serves on the board of directors of the Fosters Group, an Australian and international market leader in beer and wine, and is an advisor to the Mark Anthony Group of companies, based in Vancouver, BC.
Paul has been a member of the Young Presidents Organization/World Presidents Organization for sixteen years and resides in Vancouver, BC.
Constantine Hatzipanayis joined Krystal in May 2010, bringing with him over 10 years of investing experience. Constantine’s investing experience began early in his career, when he worked as a U.S. Equity analyst for the Manitoba Civil Service Superannuation Board while he was still a student at the University of Manitoba. Constantine has since worked with Scotia Capital’s M&A group in Toronto, Intrawest’s Acquisitions group in Vancouver and BMO Capital Corp., a national subordinated-debt and equity group serving various industries in Canada’s middle market, in their Vancouver office. Constantine also obtained his CFA designation during his time with BMOCC. Since joining Krystal Constantine has progressively taken on more responsibility relating to the sourcing, analysis and closing of investment opportunities. Today Constantine is also actively involved in working with the management teams in Krystal’s portfolio.
A strong believer in supporting the community in which he lives, Constantine previously spent 7 years on the B.C. Crisis Centre’s board of directors and is today involved on the board of the B.C. chapter of the Canadian Manufacturers & Exporters Association. Constantine lives in North Vancouver with his wife and two daughters, and has recently resumed actively playing the guitar after a multiple-year hiatus.
Jeff Mayhew joined Krystal as an Analyst in January 2015 and became an Associate two years later. As an Associate, Jeff is engaged with evaluating investment opportunities, monitoring portfolio company performance, and working with management teams on strategic and corporate finance initiatives. Originally from the Shuswap region of BC, Jeff attended the University of British Columbia's Okanagan campus where he graduated in 2011 with a Bachelor of Management degree, specializing in finance. Shortly after graduating, Jeff moved to the Lower Mainland and spent 3 years in commercial lending at Canadian Western Bank. During his time at CWB, Jeff was responsible for assessing the creditworthiness of new and existing commercial clients, managing a loan portfolio, and sourcing new financing opportunities. In addition, Jeff is a CFA charterholder, having earned the designation in 2015.
Outside of work, Jeff serves in various ministries at Westside Church, and is on the University Outreach Committee for CFA Society Vancouver. Jeff also enjoys many physical activities including ice hockey, hiking and weightlifting, and is an avid fan of Formula 1 racing and the Vancouver Canucks.
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