SOURCE: Clairvest Group Inc.

Clairvest Group Inc.

October 21, 2014 22:23 ET

Brice Holdings Inc. Acquires Shares of Clairvest Group Inc.

TORONTO, ON--(Marketwired - October 21, 2014) - Brice Holdings Inc. ("Brice") announced today that it acquired 39,200 common shares ("Common Shares") of Clairvest Group Inc. (TSX: CVG) representing approximately 0.259% of the outstanding Common Shares, at a price of $25.00 per share.

Brice currently owns 61,700 Common Shares representing approximately 0.408% of the outstanding Common Shares. Kenneth B. Rotman controls Brice and also control 1235825 Ontario Limited ("1235825"), which owns 4,889,000 Common Shares. Mr. Rotman also holds personally 41,000 Common Shares and options to acquire 240,000 Common Shares. Brice, 1235825 and Mr. Rotman collectively own 4,991,700 Common Shares representing approximately 33.0% of the outstanding Common Shares and, together with the options to acquire 240,000 Common Shares, representing approximately 34.6% of the outstanding Common Shares on a partially diluted basis.

Brice acquired the Common Shares in a trade on the Toronto Stock Exchange. The acquisition of Common Shares was made for investment purposes. Brice may, subject to market conditions and in accordance with applicable securities laws, make additional investments in or dispositions of securities of Clairvest Group Inc., including additional sales or purchases of Common Shares.

An early warning report respecting this purchase will be filed on SEDAR at www.sedar.com and may be obtained by contacting Caroline Wang, 22 St. Clair Avenue East, Suite 1700, Toronto, Ontario, M4T 2S3, Telephone: (416) 925-9270.

About Clairvest

Clairvest Group Inc. is a private equity investor which invests its own capital, and that of third parties through the Clairvest Equity Partners limited partnerships, in businesses that have the potential to generate superior returns. In addition to providing financing, Clairvest contributes strategic expertise and execution ability to support the growth and development of its investee partners. Clairvest realizes value through investment returns and the eventual disposition of its investments.

Contact Information

  • Contact Information
    Maria Klyuev
    Director, Investor Relations and Marketing
    Clairvest Group Inc.
    Tel: (416) 925-9270
    Fax: (416) 925-5753
    mariak@clairvest.com