Clairvest provides standby commitment for Discovery Air's $15 mln equity raise
Canadian mid-market private equity firm Clairvest Group has entered into a standby purchase agreement with Discovery Air Inc (TSX: DA) to facilitate the company's efforts to raise $15 million in an equity offering. A portfolio investment of Clairvest since 2011, the Etobicoke, Ontario-based Discovery Air is a specialty aviation company. In Dec. 2013, the company acquired Advanced Training Systems International Inc, a U.S airborne training services company based in Mesa, Arizona.
25 February 2014•2 mins read
