Investment Summary

Clairvest Group Invests In Discovery Air

On September 23, 2011, private equity firm Clairvest Group invested in aerospace company Discovery Air

Investment Highlights
  • This is Clairvest Group’s 1st transaction in the Aerospace sector.
  • This is Clairvest Group’s 13th transaction in Canada.
  • This is Clairvest Group’s 9th transaction in Ontario.
Investment Fate
  • Discovery Air went bankrupt in 2018.

Investment Summary

Date 2011-09-23
Target Discovery Air
Sector Aerospace
Investor(s) Clairvest Group
Deal Type PIPE

Target

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.

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Investor(S) 1

Investor

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 23 of 57
Sector: Aerospace M&A 1 of 4
Type: PIPE M&A Deals 1 of 1
State: Ontario M&A 9 of 13
Country: Canada M&A 13 of 21
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-04 Hudson Valley Waste Holding

Southampton, New York, United States

Hudson Valley Waste Holding, Inc. is a regional solid waste company which collects, processes and recycles nonhazardous solid waste in the northeastern United States.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-31 Linen King

Tulsa, Oklahoma, United States

Linen King is a provider of outsourced healthcare laundry services to hospitals and healthcare facilities across the mid-South US. Linen King was established in 1999 and is based in Tulsa, Oklahoma.

Buy -