The Latest News from Clairvest
Toronto, Ontario (February 14, 2011) – Clairvest Group Inc. (TSX:CVG) (“Clairvest”), Clairvest Equity Partners IV Limited Partnership and Clairvest Equity Partners IV-A Limited Partnership (“CEP IV”) announced today the acquisition of additional senior secured first lien debt (“Senior Debt”) of Centaur, LLC (“Centaur”), which holds various gaming interests including the Hoosier Park Racing & Casino in Indianapolis, Indiana.
This transaction increases the combined investments in the Senior Debt of Centaur by Clairvest, CEP IV and co-investors to US$114M and represents 33% of the total Senior Debt of Centaur. Clairvest’s portion of the investment increased to US$30M (C$30.2M). Together with other strategic partners, Clairvest and CEP IV now own 67% of the Senior Debt of Centaur.
Clairvest Group Inc. is a private equity management firm which invests its own capital, and that of third parties through the Clairvest Equity Partners limited partnerships, 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.
Director, Investor Relations and Marketing
Clairvest Group Inc.
Tel: (416) 925-9270
Fax: (416) 925-5753