|By Marketwired .||
|July 28, 2014 04:38 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/28/14 -- Clairvest Group Inc. (TSX: CVG) ("Clairvest") today announced it has held a final closing for Clairvest Equity Partners V Limited Partnership and its parallel partnerships ("CEP V").
Marketing of CEP V commenced in February 2014 with a fund target size of $500 million. CEP V closed at $600 million, the fund's hard cap, and was materially oversubscribed. Clairvest's commitment to the fund is $180 million alongside $420 million from third party investors.
"We are delighted to have a renewed commitment by many of our existing fund investors as well as to welcome several new investors to CEP V. We are pleased that the market was receptive to our investment strategy, track record and focus on alignment of interests," said Ken Rotman, Co-CEO of Clairvest. "Our success is premised on fundamental value creation and proactive deal origination, and ensuring a true alignment with our investment partners and fund investors", added Jeff Parr, Co-CEO of Clairvest. "Consistent with our prior funds, the general partner, Clairvest, will be the single largest investor in the fund".
Atlantic Pacific Capital acted as Clairvest's exclusive placement agent to market the Fund outside of Canada.
CEP V is a successor fund to Clairvest Equity Partners IV Limited Partnership, a $467 million investment fund pool that closed in January 2011.
Clairvest Group Inc. is a private equity management firm that invests its own capital, and that of third parties through the Clairvest Equity Partners limited partnerships, in businesses that have the potential to generate superior returns. In addition to providing financing, Clairvest contributes strategic expertise and execution ability to support the growth and development of its investee partners. Clairvest realizes value through investment returns and the eventual disposition of its investments.
Clairvest Group Inc.
Director, Investor Relations and Marketing
(416) 925-5753 (FAX)
Oct. 24, 2016 05:45 PM EDT Reads: 1,492
Oct. 24, 2016 05:00 PM EDT Reads: 3,895
Oct. 24, 2016 05:00 PM EDT Reads: 3,623
Oct. 24, 2016 04:45 PM EDT Reads: 1,564
Oct. 24, 2016 04:30 PM EDT Reads: 1,362
Oct. 24, 2016 04:30 PM EDT Reads: 1,578
Oct. 24, 2016 04:15 PM EDT Reads: 2,753
Oct. 24, 2016 04:15 PM EDT Reads: 2,596
Oct. 24, 2016 04:00 PM EDT Reads: 3,718
Oct. 24, 2016 03:45 PM EDT Reads: 1,401
Oct. 24, 2016 03:45 PM EDT Reads: 2,553
Oct. 24, 2016 02:15 PM EDT Reads: 4,008
Oct. 24, 2016 02:15 PM EDT Reads: 3,940
Oct. 24, 2016 02:00 PM EDT Reads: 34,152
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
Oct. 24, 2016 01:15 PM EDT Reads: 1,451