TORONTO, ON–(Marketwired – June 07, 2017) – Clairvest Group Inc. (TSX: CVG) (“Clairvest”) is pleased to announce that today Canada’s Venture Capital & Private Equity Association announced Clairvest as the winner of the 2017 Private Equity ‘Deal of the Year’ award for the successful realization of Cieslok Media. Cieslok Media is a leading Canadian out of home advertising firm, operating predominantly large format digital and static billboards throughout major cities in Canada. Clairvest sold its stake in Cieslok Media to Bell Media and realized a return of 8.4x invested capital and an internal rate of return (“IRR”) of 92% over a holding period of approximately three years.
June 08, 2017 at 03:16AM
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