Clairvest, Yaletown win CVCA’s 2017 deal of the year awards
June 8, 2017
PE HUB Report: Clairvest Group and Yaletown Partners are the 2017 recipients of the Canadian Venture Capital & Private Equity Association‘s (CVCA) Deal of the Year awards. Toronto-based Clairvest won in the private equity category for its recent sale of outdoor advertising business Cieslok Media Inc to Bell Media Inc. The sale provided Clairvest with cash proceeds equal to 8.4x invested capital and an IRR of 92 percent.
Vancouver-based Yaletown won in the venture capital category for last year’s sale of industrial internet platform Bit Stew Systems Inc to GE Digital. The sale gave Yaletown 7x on its initial outlay, and a total of 4.3x on combined rounds, resulting in an IRR of 98.3 percent.
Author: PE Hub
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