CLAIRVEST ANNOUNCES CLOSING OF DIVESTURE OF VOXCOM INCOME FUND
June 18, 2007 – Clairvest announced today it has completed the divesture of its holding of VOXCOM Income Fund (“Voxcom”).
Over the life of its investment in Voxcom, Clairvest invested $9.1 million and received gross cash proceeds of $26.9 million, equivalent to 2.94 times invested capital.
When Clairvest first invested in Voxcom, the Company generated EBITDA of $1.2 million. Today the company’s EBITDA is approximately $21 million.