Clairvest Group Inc.
85.00
CAD
0.00
(0.00%)
Clairvest Group Inc.
TSX:CVG
(Toronto Stock Exchange)
Recent
price
85.00
P/E
ratio
7.66
div
yld
1.07%
ROIC.AI
Capital Structure
CAD
•
in mil. unless spec.Working Capital
CAD
•
in mil. unless spec.Growth Rates
CAD
•
in mil. unless spec.Quarterly Revenue
CAD
•
in mil. unless spec.Quarterly Earnings Per Share
CAD
•
in mil. unless spec.Quarterly Dividends Per Share
CAD
•
in mil. unless spec.- Similar Companies
- Business
- Clairvest Group Inc. (TSX: CVG) is a Toronto-based private equity management firm that partners with entrepreneurs and management teams to build strategically significant owner-led businesses through mid-market growth equity investments, buyouts, industry consolidations, and acquisitions. The firm deploys its own capital alongside institutional investors via the Clairvest Equity Partners (CEP) limited partnerships, including CEP III, IV, V, VI, and VII, managing over C$4.6 billion in equity capital with a track record of 69 platform investments across North America and select international markets. Core investment segments encompass gaming (e.g., racinos, casinos, online platforms like Delaware Park, Wyoming Downs, The Nash Casino), environmental services (e.g., waste management firms like Red Oak Sanitation, Star Waste, Beneficial Reuse Management), medical practice management (e.g., dental and physical therapy providers like Bluetree Dental, Mountain Land Physical Therapy, Abra Health), aerospace/defense/government services (e.g., NexTech Solutions, Top Aces), life sciences (e.g., Boca Biolistics), information technology/managed services (e.g., F12.net, Meriplex Communications), renewable energy (e.g., NovaSource), insurance brokerage (e.g., Acera Insurance), and co-packing/food & beverage (e.g., Redstone Food Group, Brunswick Bierworks); typical equity investments range from C$25 million to C$100 million in companies with EBITDA of C$10 million to C$50 million. Founded in 1987 and headquartered at 22 St. Clair Avenue East, Suite 1700, Toronto, Ontario, Clairvest primarily targets mid-market opportunities in Canada and the United States, with historical exposure to select international sectors. Recent developments include the realization of legacy investments such as Winters Bros. Waste Systems of Long Island (July 2024, generating $87.8 million in proceeds for CEP V Co-Invest and a $77.5 million lifetime gain), Chilean Gaming Holdings (June 2024, $41 million proceeds for CEP III Co-Invest), FSB Technology (July 2024, $4.8 million proceeds for CEP VI Co-Invest), and Durante Rentals (June 2024). In fiscal 2025, Clairvest and CEP VII launched new platforms including Red Oak Sanitation (May 2024, US$30 million equity for 33.3% stake), Wyoming Downs (May 2024, US$62.2 million), Redstone Food Group (November 2024, C$42.1 million for 33.3% stake), and follow-on investments totaling $13.5 million across existing portfolio companies; post-year-end additions encompassed NCS Engineers (April 2025, US$22 million for 42.3% stake) and Beneficial Reuse Management (May 2025, US$72.5 million for 84.6% stake). In October 2025, Clairvest and CEP VII agreed to acquire MGM Northfield Park operations from MGM Resorts International for US$546 million (expected equity contribution of US$165 million, with Clairvest's direct portion at 20-25%), marking its 17th gaming investment and pending regulatory approvals for a first-half 2026 close; the firm also completed a $25 million equity investment in Boca Biolistics (September 2024) to support expansion in biopharmaceuticals, clinical research, biobanking, and oncology. Amid challenges, Clairvest fully provisioned its Head Digital Works investment in Q2 fiscal 2026 due to adverse Indian regulatory changes, shifting focus to North American opportunities, while book value stood at $1.25 billion ($88.30 per share) as of March 31, 2025, supported by $295.7 million in treasury funds and a 3.8x aggregate multiple on 46 realized investments.
Company News
Clairvest Closes Acquisition of MGM Northfield Park
Clairvest Agrees to Acquire MGM Northfield Park