Clairvest Completed First Closing of PE Fund at $518M

Toronto, Canada-based Private equity management firm Clairvest Group (TSX:CVG) completed the first closing of Clairvest Equity Partners V, at $518m.

CEP has been raised from Clairvest (a $180m commitment) and from third party investors ($338m). Clairvest has reserved the right to increase its commitment to $200m prior to the end of the fundraising period.

Clairvest Group provides companies with EBITDA between $5m and $40m with between $15 million and $50 million in equity financing, strategic expertise and execution ability to support their growth and development
They look to acquire ownership positions ranging from 20% to 80% and do not require majority or controlling ownership positions.

FinSMEs

03/05/2014

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