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