Clairvest and Teachers Win CVCA's 2013 PE Deal of the Year
Private equity firms Clairvest Group and Teachers' Private Capital have both won the 2013 ‘Deal of the Year’ award in the private equity category from Canada’s Venture Capital & Private Equity Association. Clairvest won for the 2012 sale of PEER 1 Network Enterprises Inc. to Cogeco Cable Inc. for an equity value of $526 million, giving the firm a 40% IRR and 3.2 times its original investment. Teachers was awarded for last year's sale of Maple Leaf Sports and Entertainment Ltd. to BCE Inc. and Rogers Communications Inc. for over $1.3 billion, giving the firm a 16% IRR and 5.3 times total invested capital.
24 May 2013•6 mins read
