Clairvest Update on Digital Media Solutions
07 February 2020 - 9:10AM
Clairvest Group Inc. (TSX: CVG) today announced that Digital Media
Solutions LLC (“DMS”), a portfolio company of Clairvest Group Inc.
and Clairvest Equity Partners V (collectively, “Clairvest”), has
signed a term sheet with Leo Holdings Corp. (NYSE: LHC) (“Leo”) for
a proposed business combination. Clairvest refers its investors to
the news release issued by Leo today. Clairvest is supportive of
its management partners at DMS and the entering into of the term
sheet for the proposed transaction. The transaction remains subject
to mutual satisfaction with definitive documentation (which will
include a customary condition with respect to Leo redemptions) and
the approvals of the various parties including the shareholders of
Leo, and the board of directors of each of DMS and Clairvest. There
can be no assurance that a definitive agreement will be entered
into or that the proposed transaction will be consummated.
About ClairvestFounded in 1987
by a group of successful Canadian entrepreneurs, Clairvest is a top
performing private equity management firm with over CAD $2.4
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 that have
the potential to generate superior returns. Clairvest’s mission is
to partner with entrepreneurs to help build strategically
significant businesses. Under the current management team,
Clairvest has initiated investments in 50 different platform
companies.
Clairvest Contact
InformationMaria Shkolnik Director, Investor Relations and
MarketingClairvest Group Inc.Tel: (416) 925-9270 | Fax: (416)
925-5753marias@clairvest.com
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