Clairvest to increase size of majority stake in Discovery Air
Canadian mid-market private equity firm Clairvest Group has agreed to buy additional shares in Discovery Air Inc (TSX: DA), a specialty aviation and logistics company headquartered in Etobicoke, Ontario. As a result of the proposed acquisition, Clairvest may increase its interest in the business from about 75.5 percent of issued and outstanding common shares at present to as much as 82.7 percent. Discovery Air, which operates over 160 aircraft and provides airborne training to international military groups and other customers, received a $70 million investment from Clairvest in 2011.
11 May 2015•3 mins read
