BNET Industries
Last Fiscal Year Sales:$3.0M
- Public
- CA
Dow Jones Description
Tailwind Financial Inc. is a blank check development stage company formed to acquire, through a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction or other similar business combination, one or more businesses in the financial services industry. Tailwind's management team has extensive experience in the financial services sector with a particular emphasis on the Canadian asset management industry. Gordon A. McMillan, Tailwind's Chairman of the Board, has founded or co-founded four separate asset management firms in Canada and has overseen the sale of these firms to larger industry consolidators in Canada. Andrew A. McKay, Tailwind's Chief Executive Officer was the founder and, until its recent sale, the Chief Executive Officer of Fairway Asset Management Corp., or Fairway, a Canadian manager of closed-end investment trusts and venture capital funds. Tailwind's directors include Philip Armstrong, Robert C. Hain, Stephen T. Moore and Robert Penteliuk, who also have significant experience in the financial services sector. Mr. Armstrong is the President, Chief Executive Officer and a Director of Jovian Capital Corporation, a TSX Venture Exchange-listed company which invests in financial services companies and is the parent company of Fairway. Mr. Hain was formerly the Chief Executive Officer of INVESCO UK Ltd., one of the largest asset managers in the UK. Mr. Moore currently chairs the board of governors of CI Funds Inc., one of Canada's...
President and Chief Executive OfficerPhilip Armstrong
Number of Employees 3
Contact Information
181 Bay Street Suite 2040
Toronto, Ontario M5J 2T3
(416) 601-2422
Peer Companies
NAICS Code Miscellaneous Financial Investment Activities: 523999
Recent Events
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UPDATE 1-Allen-Vanguard, Tailwind Financial deal terminated
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Tailwind Financial TNF Terminates Arrangement Agreement With Allen-Vanguard Corporation
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Allen-Vanguard takeover dies
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Allen-Vanguard OKs sale to Tailwind in all-stock deal
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Allen-Vanguard to merge with Tailwind Financial
News & Analysis
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tailwind financial inc. - All News and Analysis
Tailwind Financial Inc. Announces Liquidating Distributions
Tailwind Financial Inc., a special purpose acquisition corporation, today announces that the liquidating distributions to the shareholders of the company are being made starting today and will equal $8.17733907 per share. The trading of Tailwind's shares was suspended on April 17, 2009 in anticipation of the liquidation of the Company....
Tailwind Financial Inc. Announces Liquidating Distributions.
NEW YORK, NEW YORK, Apr 22, 2009 Marketwire via COMTEX -- Tailwind Financial Inc., a special purpose acquisition corporation, today announces that the liquidating distributions to the shareholders of the company are being made starting today and will equal $8.17733907 per share. The trading of Tailwind's...
Tailwind Financial Inc. Announces Record Date for Liquidating Distribution
Tailwind Financial Inc. (NYSE Alternext US: TNF) (NYSE Alternext US: TNF.U) (NYSE Alternext US: TNF.WS), a special purpose acquisition corporation, today announced that its existence will terminate on April 17, 2009 since a business combination will not have been effected by that date. Since Tailwind will be unable to complete...
Tailwind Financial Inc. Announces Record Date for Liquidating Distribution.
NEW YORK, NEW YORK, Apr 8, 2009 Marketwire via COMTEX -- Tailwind Financial Inc. (NYSE Alternext US:TNF) (NYSE Alternext US:TNF.U) (NYSE Alternext US:TNF.WS), a special purpose acquisition corporation, today announced that its existence will terminate on April 17, 2009 since a business combination will not have...
Tailwind Financial Inc. Terminates Arrangement Agreement With Allen-Vanguard Corporation.
NEW YORK, NEW YORK, Apr 6, 2009 Marketwire via COMTEX -- Tailwind Financial Inc. (NYSE Alternext US:TNF)(NYSE Alternext US:TNF.U)(NYSE Alternext US:TNF.WS), a special purpose acquisition corporation, today announced that it will no longer pursue the acquisition of Allen-Vanguard Corporation, as contemplated by its previously announced ...
Tailwind Financial Inc. Terminates Arrangement Agreement With Allen-Vanguard Corporation
Tailwind Financial Inc. (NYSE Alternext US: TNF)(NYSE Alternext US: TNF.U)(NYSE Alternext US: TNF.WS), a special purpose acquisition corporation, today announced that it will no longer pursue the acquisition of Allen-Vanguard Corporation, as contemplated by its previously announced Arrangement Agreement with Allen-Vanguard. Tailwind has cancelled its special meeting of shareholders scheduled...
Tailwind Financial Inc. Receives Notice from NYSE Alternext US and Announces Plan to Hold Stockholders Meeting
Tailwind Financial Inc. (NYSE Alternext US: TNF)(NYSE Alternext US: TNF.U)(NYSE Alternext US: TNF.WS) ("Tailwind" or the "Company"), a special purpose acquisition company, today announced that it intends to submit a plan to the NYSE Alternext US LLC (the "Exchange") to hold an election of directors at the special meeting of...
Tailwind Financial Inc. Receives Notice from NYSE Alternext US and Announces Plan to Hold Stockholders Meeting.
TORONTO, ONTARIO and NEW YORK, NEW YORK, Feb 13, 2009 Marketwire via COMTEX -- Tailwind Financial Inc. (NYSE Alternext US:TNF)(NYSE Alternext US:TNF.U)(NYSE Alternext US:TNF.WS) ("Tailwind" or the "Company"), a special purpose acquisition company, today announced that it intends to submit a plan to the NYSE Alternext...
Allen-Vanguard To Receive $100 Million Investment
Tailwind Financial, Inc. [TNF], a special purpose acquisition company, has agreed to merge with Canada's troubled Allen-Vanguard Corp. in a deal that will recapitalize and reduce the debt burden of Allen-Vanguard, the companies said yesterday. The merged company will be called Allen Vanguard Corp. and...
Tailwind Financial Inc. Signs Letter of Intent to Acquire 20 Dry Bulk Vessels
Tailwind Financial Inc.("Tailwind") (AMEX: TNF) (AMEX: TNF.U) (AMEX: TNF.WS), a special purposeacquisition company, today announced that it has signed a letter of intentwith GrandUnion Inc ("GrandUnion"), a shipping company headquartered inPiraeus, Greece, contemplating the acquisition by Tailwind of 20 vesselsoperating in the dry bulk industry, including nine newbuildings to bedelivered...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Philip Armstrong | President and Chief Executive Officer |
| Stephen T. Moore | Managing Director |
| David M Knott | Beneficial Owner |
| Gordon McMillan | Assistant Secretary |
| Organization | Position | Status |
|---|---|---|
| Jovian Capital Corporation | CEO | Current |
| Tailwind Financial Inc. | President and Chief Executive Officer | Current |
| Pescara Partners Inc. | President | Current |
| Jov Flow-Through Limited Partnership | Chairman & Director | Current |
| Horizons Beta Pro Funds | Current | |
| Canadian Opera Company | Board of Directors | Current |
| Jovian Capital Corporation | Board of Directors | Current |
| Ticoon Technology Inc. | Board of Directors | Current |
| Cmdf | Board of Directors | Current |
| Alta Mira | Chief Executive Officer | Former |
| Altamira Investment Services Inc. | CEO | Former |
| Altamira Investment Services Inc. | President | Former |
| Jovian Capital Corporation | President | Former |
| Trust Services | Vice President | Former |
| Altamira Investment Services Inc. | Partner | Former |
| Trust Services | Manager | Former |
| Lloyds Bank | Management Trainee | Former |
| Jovian Capital Corporation | Principal | Former |
| Altamira Investment Services Inc. | Director | Former |
| Tailwind Financial Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Newhaven Asset Management Inc | Chief Compliance Officer | Current |
| Tailwind Financial Inc. | Managing Director | Current |
| Ci Financial Income Fund | Managing Director, Newhaven Asset Management Inc., Director | Current |
| Impax Energy Services Income Trust | Board of Directors | Current |
| Ci Financial Income Fund | Board of Directors | Current |
| TD Securities, Inc. | Vice President | Former |
| Kensington Capital Partners, LLC | Managing Director | Former |
| Kensington Capital Partners, LLC | Founder | Former |
| Newhaven Asset Management Inc | Managing Director and Portfolio Manager | Current |
| Tailwind Financial Inc. | Board of Directors | Former |
| Queen's University | Masters of Business Administration | Former |
| Queens University | MBA | Former |
| Queens University | B.A. | Former |
| Queen's University | Bachelor's Degree In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Tailwind Financial Inc. | Beneficial Owner | Current |
| Tailwind Financial Inc. | President of Dorsett Management Corporation | Former |
| Organization | Position | Status |
|---|---|---|
| Impax Management Ltd. | Managing Director | Current |
| Venturelink | Co-Founder | Current |
| Impax Management Ltd. | Co-Founder | Current |
| Scf Capital Inc. | Managing Partner | Current |
| Care Canada | Sponsor | Current |
| Tailwind Financial Inc. | Assistant Secretary | Current |
| Impax Management Ltd. | Chairman | Current |
| Cmdf | Chairman | Current |
| Fairway Capital Management Corp. | Chairman | Current |
| Triax Capital Corporation | Chief Executive Officer | Former |
| Triax Capital Corporation | President | Former |
| Triax Capital Corporation | Founder | Former |
| Tailwind Financial Inc. | Chairman of the Board | Former |
| Triax Capital Corporation | Director | Former |
| Fairway Capital Management Corp. | Director | Former |
| Queen's University | Bachelor of Laws Degree | Former |
| Queens University | Bachelor of Laws Degree | Former |
Executive News
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Company partners with UM Financial
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Jovian plans to talk about Islam-friendly investments
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Jovian to Partner with UM Financial to Launch Shariah-Compliant Product
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Jovian Capital director Matthews resigns
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