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August 16, 2011

Clairvest Announces Promotion Of Michael Castellarin To Managing Director

Toronto, Ontario (August 16, 2011) – Clairvest Group Inc. (TSX:CVG) today announced the promotion of Michael Castellarin to Managing Director, effective immediately.
Mr. Castellarin joined Clairvest in 2002. Prior to joining Clairvest, he worked as a management consultant at Monitor Company and as a marketing manager for the National Hockey League Players’ Association. Michael earned his M.B.A. from Northwestern University’s Kellogg School of Management and a B.Comm. with honours from Queen’s University.
“We are very pleased to promote Michael to this role. Michael has been an invaluable member of our team since 2002 and plays a key role in our Firm’s success,” said Jeff Parr, Co-CEO and Managing Director of Clairvest Group Inc. “We trust that Michael will realize great success in his new role and look forward to our continued progress as a team.”

About Clairvest
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.

Contact Information
Maria Klyuev
Director, Investor Relations and Marketing
Clairvest Group Inc.
Tel: (416) 925-9270
Fax: (416) 925-5753