Clairvest Update On Digital Media Solutions
Toronto, Ontario (February 6, 2020) – Clairvest Group Inc. (TSX: CVG) today announced that Digital Media Solutions LLC (“DMS”), a portfolio company of Clairvest Group Inc. and Clairvest Equity Partners V (collectively, “Clairvest”), has signed a term sheet with Leo Holdings Corp. (NYSE: LHC) (“Leo”) for a proposed business combination. Clairvest refers its investors to the news release issued by Leo today. Clairvest is supportive of its management partners at DMS and the entering into of the term sheet for the proposed transaction. The transaction remains subject to mutual satisfaction with definitive documentation (which will include a customary condition with respect to Leo redemptions) and the approvals of the various parties including the shareholders of Leo, and the board of directors of each of DMS and Clairvest. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated.