Clairvest Votes In Favor Of Combination Of Datamark Systems Group And Komunik Corporation
Toronto, Ontario – June 7, 2007 – Clairvest Group Inc. (TSX: CVG) announced that at a special meeting earlier today it voted in favor of the Acquisition Agreement which provides for the combination of Datamark Systems Group Inc. (TSX: DMK) to Komunik Corporation of Montreal. As part of this transaction Clairvest will sell its 37% interest in Datamark.
Under the terms of the Acquisition Agreement, Clairvest is expected to receive $6.1 million in cash consideration together with shares of the combined entity.
“We are pleased that shareholders voted in favor of this transaction, which we believe provides Clairvest and its shareholders with excellent value,” said Jeff Parr, Co-CEO of Clairvest.
Closing of the Arrangement is expected to take place on or about June 12, 2007.
About Clairvest
Clairvest Group Inc. is a Canadian merchant bank that invests its own capital, and that of third parties through Clairvest Equity Partners Limited Partnership and Clairvest Equity Partners III Limited Partnership, in businesses that have the potential to generate superior returns. In addition to providing financing, Clairvest contributes strategic expertise and execution ability to support the growth and development of its investee partners. Clairvest realizes value through investment returns and the eventual disposition of its investments.
Cautionary note about forward-looking statements
Some of the statements made in this release are forward-looking statements that involve risks and uncertainties, which may prevent expected future results from being achieved. For those statements, Clairvest claim the protection of the safe harbour for forwardlooking statements contained in the Canadian and U.S. securities laws. Clairvest cautions that actual future performance could be affected by a number of factors, including technological change, regulatory change and competitive factors, many of which are beyond Clairvest’s control. Therefore, future events and results may vary substantially from what Clairvest currently foresees.
Contact information:
Cameron Williamson
CFO and Corporate Secretary
Tel: (416) 925-9270
Fax: (416) 925-5753