M&A Deal Summary

Clairvest Group Acquires Top Aces

On December 22, 2017, private equity firm Clairvest Group acquired aerospace company Top Aces

Acquisition Highlights
  • This is Clairvest Group’s 3rd transaction in the Aerospace sector.
  • This is Clairvest Group’s 15th transaction in Canada.
  • This is Clairvest Group’s 2nd transaction in Quebec.

M&A Deal Summary
Date 2017-12-22
Target Top Aces
Sector Aerospace
Buyer(s) Clairvest Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Top Aces

Dorval, Quebec, Canada
Top Aces provides advanced airborne training to the world’s leading air forces (Canadian, German, and formerly Australian militaries). The mission-critical training offered by Top Aces enhances the operational readiness of combat forces by providing a realistic real-world experience while prolonging fleet life. Top Aces was founded in 2000 and is based in Dorval, Quebec.

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Buyer(S) 1

Buyer

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 4.5B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$10 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$25- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.

DEAL STATS #
Overall 32 of 53
Sector (Aerospace) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 20 of 24
State (Quebec) 2 of 2
Country (Canada) 15 of 20
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-17 Centaur

Indianapolis, Indiana, United States

Centaur is an owner and operator of the Hoosier Park Racing and Casino. Centaur operates a thorough bred and standardbred horseracing track in Andersen, Indiana, and an OTB network throughout Indiana. Centaur is based in Indianapolis, Indiana.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-21 Discovery Air

Etobicoke, Ontario, Canada

Discovery Air is an aviation services company operating across Canada and in select locations internationally. Its principal customers are government agencies and natural resource companies. Discovery Air was founded in 2004 and is based in Etobicoke, Ontario.

Sell -
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