.jpg)
7 hours ago
1
Article content
In May 2025, and as previously announced, Clairvest together with CEP VII made a US$72.5 million (C$100.6 million) equity investment in Beneficial Reuse Management, a U.S.-based company which distributes products to the agriculture, landscape, wallboard, and construction end-markets by reusing or converting certain industrial waste streams into value-add products. Clairvest’s portion of the investment was US$18.1 million (C$25.1 million).
Article content
“Fiscal 2025 was a productive year across Clairvest, marked by strong progress in our portfolio and continued investment momentum, despite a challenging macroeconomic backdrop. Our portfolio companies, on the whole, are performing well, and we remain confident in our ability to build long-term value alongside our entrepreneur partners. With CEP VII now underway with its first three investments, we are energized by the opportunities ahead and remain focused on backing aligned entrepreneurs in our active domains,” said Ken Rotman, CEO of Clairvest. “We were also honoured to receive the 2025 CVCA Private Equity Global Dealmaker of the Year award for our investment in Winters Bros. Waste Systems of Long Island – our ninth time being recognized by the CVCA. Clairvest and CEP V achieved a 7.5x MOIC and a 24% internal rate of return on this investment. Our partnership with the Winters family spans three separate investments over 18 years, and this transaction marks another excellent outcome driven by long-term alignment, patience, and mutual trust.”
Article content
Article content
Also subsequent to year end, Clairvest declared an annual ordinary dividend of $0.10 per share and a special dividend of $0.7830 per share, such that in aggregate, the dividends represent 1% of the March 31, 2025 book value. Both dividends will be payable on July 25, 2025 to common shareholders of record as of July 4, 2025 and are eligible dividends for Canadian income tax purposes.
Article content
| Summary of Financial Results – Unaudited | ||||
| Financial Results(1) | Quarter ended | Year ended | ||
| March 31 | March 31 | |||
| 2025 | 2024 | 2025 | 2024 | |
| ($000’s, except per share amounts) | $ | $ | $ | $ |
| Net investment gain (loss) | 11,438 | 22,024 | 15,248 | (19,385) |
| Net carried interest from Clairvest Equity Partners III and IV | (292) | 1,005 | 4,169 | 3,700 |
| Distributions, interest income, dividends and fees | 19,386 | 11,897 | 157,064 | 52,336 |
| Total expenses (recovery), excluding income taxes | 9,746 | 1,592 | 37,940 | 39,824 |
| Net income (loss) and comprehensive income (loss) | 20,721 | 26,103 | 122,042 | (3,353) |
| Basic and fully diluted net income (loss) per share | 1.46 | 1.78 | 8.47 | (0.23) |
Article content
| Financial Position | March 31 | March 31 |
| 2025 | 2024 | |
| ($000’s, except share information and per share amounts) | $ | $ |
| Total assets | 1,429,435 | 1,342,139 |
| Total cash, cash equivalents and temporary investments | 295,728 | 330,193 |
| Carried interest from Clairvest Equity Partners III and IV | 48,517 | 52,188 |
| Corporate investments(1) | 942,857 | 870,660 |
| Total liabilities | 177,844 | 165,842 |
| Management participation from Clairvest Equity Partners III and IV | 37,718 | 41,506 |
| Book value(2) | 1,251,591 | 1,176,297 |
| Common shares outstanding | 14,173,631 | 14,673,701 |
| Book value per share(2) | 88.30 | 80.16 |
| (1) Includes carried interest of $141,897 (2024: $143,617) and management participation of $105,457 (2024: $103,740) from Clairvest Equity Partners V, VI and VII and $162,235 (2024: $90,973) in cash, cash equivalents and temporary investments held by Clairvest’s acquisition entities. (2) Book value is a non-IFRS measure calculated as the value of total assets less the value of total liabilities. | ||
Article content
Article content
Clairvest’s annual fiscal 2025 financial statements and MD&A are available on the SEDAR website at www.sedar.com and the Clairvest website at www.clairvest.com.
Article content
About Clairvest
Article content
Clairvest’s mission is to partner with entrepreneurs to help them build strategically significant businesses. Founded in 1987 by a group of successful Canadian entrepreneurs, Clairvest is a top performing private equity management firm with over CAD $4.6 billion of capital under management. Clairvest invests its own capital and that of third parties through the Clairvest Equity Partners limited partnerships in owner-led businesses. Under the current management team, Clairvest has initiated investments in 69 different platform companies and generated top quartile performance over an extended period.
Article content
Contact Information
Article content
Stephanie Lo
Director of Investor Relations and Marketing
Clairvest Group Inc.
Tel: (416) 925-9270
Fax: (416) 925-5753
[email protected]
Article content
Forward-looking Statements
Article content
This news release contains forward-looking statements with respect to Clairvest Group Inc., its subsidiaries, its CEP limited partnerships and their investments. These statements are based on current expectations and are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Clairvest, its subsidiaries, its CEP limited partnerships and their investments to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general and economic business conditions and regulatory risks. Clairvest is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.
Article content
Article content
Article content
Article content
Article content
Article content
Article content
English (US)