Clairvest related stories
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Clairvest provides standby commitment for Discovery Air's $15 mln equity raiseCanadian 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.
Clairvest triples money in IT exit(2)The firm’s sale of Internet infrastructure business PEER 1 comes following a 12-month period in which Clairvest’s portfolio companies grew EBITDA by 53%.
Following a busy 2013, Clairvest expects to launch fifth fund in 2014Canadian private equity firm Clairvest Group (TSX: CVG) expects to launch its fifth partnership, Clairvest Equity Partners V (CEP V) in 2014, peHUB Canada has learned. The firm did not disclose other details concerning the fund, including its anticipated target size. Clairvest's current fund, CEP IV, has been drawn down 60 percent and 70 percent allocated, the firm reported. CEP IV, which invests in North American mid-market companies in a range of industries, was closed at $467 million in Jan. 2011.
Clairvest-backed Discovery Air to buy airborne training services company ATSISpecialty aviation company Discovery Air Inc (TSX: DA) has agreed to purchase for an undisclosed sum Advanced Training Systems International Inc (ATSI), a U.S airborne training services company based in Mesa, Arizona. The acquisition, which the company said will take advantage of growth potential in the airborne training services market, will be made by its subsidiary business Discovery Air Defence Services Inc. The deal is expected to close within the next 30 days, with ATSI's majority shareholder having already agreed to vote in favour. The Etobicoke, Ontario-based Discovery Air is a portfolio company of Canadian mid-market private equity firm Clairvest Group. Clairvest made a $70 million investment in the company in 2011.
Clairvest returns to Winters Bros. partnership with US$28.5 mln investmentCanadian mid-market private equity firm Clairvest Group has made a US$28.5 million investment in Winters Bros. Waste Systems of CT LLC, a Danbury, Conn.-based solid waste collection, recycling and disposal company. The deal is being done in partnership with the company's principal shareholders, Joe and Sean Winters, who previously partnered with Clairvest at the time of its 2006 investment in the same business operating in Long Island, New York. The investment is Clairvest's fourth in the solid waste management industry, which is one of its core domain areas. The firm's co-CEO Jeff Parr was interviewed /canada/2013/06/10/clairvest-long-distance-runner/ by peHUB Canada in June.
- Clairvest invests $28.5 mln in Winters Bros.
Clairvest Group said Tuesday that it, along with LPs it controls, made a $28.5 million in Winters Bros. Waste Systems. Danbury, Conn.-based Waste Systems is a privately-owned, regional solid waste collection, recycling and disposal company.
- Clairvest invests $15 mln in outdoor advertiser Cieslok Media
Canadian mid-market private equity firm Clairvest Group has made a $15 million investment in Cieslok Media, formerly known as Titan Outdoor Canada Co. With offices in Toronto, Montréal, Vancouver and Edmonton, Cieslok is an outdoor advertising company focused on large format digital and static billboards in major Canadian cities. Clairvest partnered in the transaction with company executive Jörg Cieslok. The firm's portion of the investment was $4 million. Clairvest co-CEO Jeff Parr was interviewed by peHUB Canada in June /2013/06/10/clairvest-long-distance-runner/
- Clairvest invests $15m in Cieslok Media
Clairvest Group has made a $15 million investment in Cieslok Media, formerly Titan Outdoor Canada Company. Cieslok Media is a Canadian outdoor advertising firm, operating predominantly large format digital and static billboards throughout major cities in Canada. Clairvest's portion of the investment is $4 million.
- Clairvest triples money in IT exit
The firm’s sale of Internet infrastructure business PEER 1 comes following a 12-month period in which Clairvest’s portfolio companies grew EBITDA by 53%.
- Clairvest promotes Green to managing director
Mitch Green’s promotion brings the total number of managing directors at Clairvest to five.