PE firm Clairvest posts fiscal Q1 net income of C$21.3 mln

Overview

• Clairvest fiscal Q1 net income was C$21.3 mln, driven by investment portfolio gains

• Company invested in NCS Engineers and Beneficial Reuse Management

• Clairvest repurchased and cancelled 8,100 shares at C$69.09/share

Result Drivers

• INVESTMENT PORTFOLIO - Net income driven by increased valuation of private equity investments

• NEW INVESTMENTS - Invested in NCS Engineers and Beneficial Reuse Management, expanding portfolio

• FOLLOW-ON INVESTMENT - Additional investment in Acera Insurance Services to support growth

Key Details

Press Release: ID:nGNX2dx0zN