Toronto, Ontario (January 6, 2021) – Clairvest Group Inc. is deeply saddened to announce the death of a long-time business partner and dear friend, Joe Winters, CEO of Winters Bros. Waste Systems. Joe was an exceptional partner, business leader and community builder who led with integrity and tenacity.

Clairvest had the honor to partner with Joe Winters and his family in three separate waste management businesses over the last 15 years and support the growth of the companies he led. It was a privilege to know him and witness his unwavering commitment to his customers and employees, and his care, loyalty, and generosity toward his community and family. His energy, passion and vision have left a lasting impression on all of those who have been part of his personal and professional circles.

We are grateful to have had the opportunity to invest with and work beside this exceptional leader and business builder. Our thoughts and prayers go out to Joe’s wife Michelle, his sons Patrick and Sean, the entire Winters’ family and the employees of Winters Bros. Waste Systems.

Toronto, Ontario (December 30, 2020) – Clairvest Group Inc. (TSX: CVG) (“CVG”), today announced that it and Clairvest Equity Partner V (collectively, “Clairvest”) completed the sale of their shares in Right Time Heating and Air Conditioning (“Right Time” or the “Company”) to Gryphon Investors.

Right Time is the largest independently owned heating, ventilation and air-conditioning (“HVAC”) contractor in Canada focused on the residential replacement market. Right Time provides preventative maintenance programs, repairs, and replacements of household HVAC units. In November 2018, Clairvest partnered with the two co-founders of Right Time to embark on a new growth chapter. Since partnering with Clairvest in late 2018, Right Time successfully executed upon three add-on acquisitions, enhanced its online customer acquisition strategy, and continued to build out its executive leadership team. The Company now operates out of eleven locations across three provinces in Canada, increasing from seven locations when Clairvest initially invested in Right Time.

At closing, Clairvest realized sale proceeds equal to approximately C$100 million (C$30 million for CVG), representing a multiple of invested capital of 4.7x and an IRR of 110% on its C$21.3 million investment over the two-year holding period.

“Clairvest has been a tremendous value-add partner to Right Time. They were not only a financial partner, but a partner that helped strategize next steps, assist on negotiating and structuring acquisitions, and support a successful exit strategy” commented Lauren and Vaughn Goettler, Co-Founders of Right Time.

 “I am very proud of our accomplishments to date and the outstanding results that we generated with Clairvest during our partnership. Right Time has emerged as one of the leading HVAC contractors in Canada and we continue to see many opportunities for growth. Our transaction with Gryphon Investors is an important milestone for our business and a start of a new and exciting chapter for Right Time”, added Jeremy Hetherington, Co-Founder of Right Time.

“The outcome of this investment for Clairvest is the result of the exceptional management team and flawless execution on the growth plan. Vaughn and Jeremy both brought entrepreneurial experience and deep industry expertise to help navigate changes and seamlessly integrate acquisitions to achieve best-in-class results” noted Sebastien Dhonte, Managing Director at Clairvest.

Toronto, Ontario (November 30, 2020) – Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with Clairvest Equity Partners VI (“CEP VI”) (collectively, “Clairvest”), made an equity investment in Brunswick Bierworks Inc. (“Brunswick”, or the “Company”), partnering with the Company’s management team, including Sean Fleming, the Company’s CEO and Co-Founder.

Brunswick is a leading Canadian contract manufacturer of beer, pre-mixed ready-to-drink alcoholic beverages, non-alcoholic beer, and other alcoholic and non-alcoholic drinks. The Company was founded in 2016 and is one of the largest privately-owned breweries in Canada. Brunswick provides a turnkey supply chain solution for, principally alcoholic, beverage brands from recipe development through to production, quality control, and warehousing and distribution. The transaction is part of Clairvest’s multi-year focus on the food, beverage and co-packing industries.

“We have been impressed with Brunswick’s reputation as a very high quality product producer with an ability to build strong customer relationships. The future is very bright for Brunswick and we believe Sean and his team are well-positioned to accelerate the growth of the Company with additional investments” said Robbie Isenberg, a Managing Director at Clairvest.

“Our capabilities are growing and we are seeing many opportunities for Brunswick to continue to expand both locally and internationally. In Clairvest we see the right kind of partner for our company: one that is focused on supporting management and with a proven track record of growing companies. Clairvest will be an important addition to our team as we continue to execute on our vision,” said Sean Fleming, CEO and Co-Founder of Brunswick.

Brunswick is Clairvest’s 56^th platform investment and the fifth investment by CEP VI. The Clairvest / CEP VI co-investment pool is capitalized at US$850 million and focuses on equity investments in growth companies.

Toronto, Ontario (November 3, 2020) – Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with Clairvest Equity Partners VI (“CEP VI”) (collectively, “Clairvest”), made a CAD $36 million (CAD $9.7 million from CVG) growth equity investment in F12.net Inc. (“F12”, or the “Company”). Clairvest partnered with the existing management team who will retain the majority of their equity in the business.

F12 is a rapidly expanding leader in managed IT services for Canadian-based small and medium-sized enterprises. F12 distills complex infrastructure, support, cloud, cybersecurity, and software licensing into turnkey service bundles for its clients. This best of breed offering is supported by F12 Connect, a proprietary software tool that delivers a superior client experience relative to the competition. The investment in F12 builds on Clairvest’s 10-year successful investment track record in the IT services industry and represents an exciting opportunity to support the growth strategy of the Company’s entrepreneurial management team.

“We are thrilled with the opportunity to back F12’s management group, all of whom will continue to be significant investors in the Company. This is a leadership team with an ownership mentality, a track record of working collaboratively, and experience building a scalable platform. The future is very bright for F12 and we are excited to support an excellent team on their quest to transform how business technology is delivered,” said Mitch Green, Managing Director at Clairvest.

“F12 is about to embark upon an exciting growth trajectory, and we require an active partner who supports our vision. Clairvest brings much more than capital to this deal. They share our enthusiasm towards the future and have a proven track record of helping organizations like ours succeed,” said Alex Webb, CEO and Founder of F12.

F12 is Clairvest’s 60^th platform investment and the fourth investment by CEP VI. The Clairvest / CEP VI    co-investment pool is capitalized at US$850 million and focuses on equity investments in growth companies.

Toronto, Ontario (October 30, 2020) – Clairvest Group Inc. (TSX:CVG) (“Clairvest”) is pleased to announce a one-time special dividend of $5.00 per common share (approximately $75 million in aggregate). The dividend is an eligible dividend for Canadian income tax purposes. The dividend will be payable to common shareholders of record as of November 9, 2020 and will be paid on November 23, 2020. Cash and treasury investments as of September 30, 2020 was approximately $470 million.

Clairvest is also pleased to announce the appointment of Anne Mette de Place Filippini to its Board of Directors. Ms. De Place Filippini is the Chief Investment Officer of Burgundy Asset Management Ltd. She will bring to Clairvest valuable strategic insight combined with a deep understanding of the public markets.

Toronto, Ontario (August 6, 2020) – Clairvest Group Inc. (TSX: CVG) today announced that NovaSource Power Services (“NovaSource” or “the Company”), a portfolio company of Clairvest Group Inc. and Clairvest Equity Partners VI (together, “Clairvest”), entered into an agreement with First Solar, Inc. (NASDAQ: FSLR) to acquire First Solar’s North American operations and maintenance business. The transaction will be funded through a combination of third-party term debt and equity from Clairvest. The proposed transaction is subject to customary closing conditions, including obtaining various consents and regulatory approvals. There can be no assurance that the transaction will be consummated.

Toronto, Ontario (July 15, 2020) – Clairvest Group Inc. (TSX: CVG) today announced that Digital Media Solutions Holdings, LLC, a portfolio company of Clairvest Group Inc. (“Clairvest”), and Clairvest Equity Partners V ( “CEP V”), completed the previously announced business combination with Leo Holdings Corp. (NYSE: LHC) (“Leo”), a publicly-traded special purpose acquisition company. Upon completion of the business combination, Leo changed its name to Digital Media Solutions, Inc. (“DMS”), and its Class A common stock and warrants are expected to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol “DMS” and “DMS WS” respectively, commencing on July 16, 2020.

Upon the completion of the transaction, Clairvest and CEP V will receive cash proceeds totaling approximately US$7.9 million and US$18.5 million respectively and will own 6,058,016 and 14,135,371 Class A common stock of DMS on an as-converted and as-redeemed basis, respectively, which in aggregate represents approximately 34.7% of total outstanding shares of DMS. Clairvest and CEP V will also own 276,653 and 645,524 warrants respectively. Clairvest and CEP V are subject to a 6-month hold period on their DMS shares and have customary registration rights and would expect any sale of such shares to be conducted pursuant to a resale prospectus. The warrants have an exercise price of USD$11.50 per warrant and are not exercisable for 30 days after closing of the transaction.

Combined with cash proceeds received to date, after this transaction, Clairvest will have realized cash proceeds equal to 3.5x its investment in DMS.

Toronto, Ontario (June 17, 2020) – Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with Clairvest Equity Partners VI (“CEP VI”) (together “Clairvest”), made its seventh investment in the waste management industry with an equity investment in Arrowhead Environmental Partners (“Arrowhead”, or “the Company”).

Arrowhead is a growing non-hazardous solid waste management company that provides disposal services to key U.S. Northeast markets through its waste-by-rail infrastructure. The Company owns and leases unique and well-placed disposal infrastructure assets to provide waste-by-rail disposal solutions to solid waste management companies located in the northern New Jersey / New York City market and the eastern Massachusetts market. This investment builds on Clairvest’s 15-year successful investment track record in the environmental services industry and represents an exciting opportunity to support the growth strategy and vision of the Company’s founders and management with equity capital.

“We are thrilled with the opportunity to back Arrowhead’s operating partners: William Gay, James Francesco and Robert Berns. Each brings extensive experience and expertise in the solid waste management industry and specifically, waste-by-rail. This talented team have assembled an exceptional asset base, and possess the experience and vision to lead Arrowhead forward as it grows into an important player serving the solid waste management industry, particularly in the U.S. Northeast”, said Michael Castellarin, Managing Director at Clairvest and head of the Waste Management practice.

“Arrowhead has many exciting growth opportunities in front of it. Clairvest’s investment provides us with the financial flexibility to capitalize on our unique market position and take Arrowhead to new heights. Clairvest’s style and culture are a great fit for our team and they bring a wealth of relevant industry knowledge and experience helping entrepreneurs build great companies. They share our vision for the future and will be a valuable resource to our team,” said William Gay, CEO of Arrowhead.

Arrowhead is Clairvest’s 7^th investment in the waste management sector, 59^th platform investment and the third investment by CEP VI. The Clairvest / CEP VI co-investment pool is capitalized at US$850 million and focuses on equity investments in growth companies.

Toronto, Ontario (May 14, 2020) – Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with Clairvest Equity Partners VI (“CEP VI”) (together “Clairvest”), acquired the solar operations and maintenance (“O&M”) business of SunPower Corporation (NASDAQ: SPWR). Upon closing the business will be renamed NovaSource Power Services (“NovaSource” or the “Company”).

NovaSource is a recognized O&M leader in commercial, industrial and utility scale solar projects. The transaction is part of Clairvest’s multi-year pursuit to create a market leading solar O&M platform through a ‘buy and build’ strategy. Clairvest is supporting the current leadership team of SunPower’s O&M division in a management buy-out, with the management team becoming material shareholders going forward. The SunPower O&M business, which will become NovaSource, is recognized as the market leader in terms of quality of service and capability and oversees some of the most high profile solar projects in the United States. NovaSource operates in nine countries today.

“We are excited to increase our involvement in the solar power industry. Our partners at NovaSource are invested and highly experienced industry executives, eager to lead the Company through its next phase of growth. We believe that NovaSource will strengthen its position as the leading global solar O&M provider of scale in the coming years, serving the most sophisticated customers in the world as a preferred provider. We are grateful to have had the opportunity to work with SunPower, who built this great business, and look forward to a continuing relationship with them”, said Ken Rotman, CEO of Clairvest.

“NovaSource can capitalize on our industry’s tail winds and the expected growth of installed solar assets over the next ten to fifteen years. We are already recognized as the quality leader in our industry, and with Clairvest, we will continue to invest in our platform to further enhance our capabilities, reach, and service levels and expand on that lead to continue to exceed our customers’ expectations. We are pleased to work with Clairvest given their alignment with our mission and their successful track record of helping build industry leading companies,” said Jack Bennett, CEO of NovaSource.

Marathon Capital acted as the exclusive advisor to SunPower on this transaction.

“SunPower has built an impressive global services business that has faithfully served many solar clients both domestically and abroad. We look forward to seeing the evolution and continued growth of NovaSource for years to come and were proud to be a part of this process,” said David Kirkpatrick, Director & Co-head of the West Coast Office of Marathon Capital.

NovaSource is Clairvest’s 3^rd investment in the solar energy sector, 57^th platform investment and the second investment by CEP VI. The Clairvest / CEP VI co-investment pool is capitalized at US$850 million and focuses on equity investments in growth companies.

Toronto, Ontario (April 23, 2020) – Clairvest Group Inc. (TSX: CVG) today announced that Digital Media Solutions Holdings, LLC (“DMS”), a portfolio company of Clairvest Group Inc. and Clairvest Equity Partners V (collectively, “Clairvest”), has entered into an agreement to combine with Leo Holdings Corp. (NYSE: LHC) (“Leo”), a publicly traded special purpose acquisition company.

Immediately following the closing of the proposed transaction, Leo intends to change its name to Digital Media Solutions, Inc. (“New DMS”). The current DMS executive management team will continue to lead New DMS, which is expected to trade on the New York Stock Exchange.

Should the transaction close on contemplated terms, Clairvest will receive cash proceeds in the transaction but will also retain a significant continuing equity interest in New DMS. Clairvest’s percentage ownership is dependent upon the number of Leo Class A ordinary shares that are redeemed by Leo’s public shareholders in connection with the proposed transaction. Clairvest will continue to have representation on the New DMS board of directors.

Clairvest’s and the DMS management team’s obligation to consummate the transaction is subject to, among other things, the delivery by Leo of a minimum cash amount. There can be no assurance that the transaction will be consummated.