Clairvest Reports Fiscal 2025 Fourth Quarter and Year End Results

Core Viewpoint - Clairvest Group Inc. reported strong financial results for the fiscal year ended March 31, 2025, highlighting significant investment activity and portfolio performance despite macroeconomic challenges [8][4]. Financial Performance - Book value increased to CAD 1,251.6 million or CAD 88.30 per share as of March 31, 2025, up from CAD 1,234.3 million or CAD 86.78 per share as of December 31, 2024, and CAD 1,176.3 million or CAD 80.16 per share as of March 31, 2024 [2][9]. - Net income for the fourth quarter was CAD 20.7 million or CAD 1.46 per share, reflecting an increase in the fair value of investee companies [3][9]. - For the fiscal year, net income totaled CAD 122 million or CAD 8.47 per share, with net realized gains of CAD 46.1 million from divestments and net investment gains of CAD 44.8 million [4][9]. Investment Activity - During the fiscal year, Clairvest invested CAD 53 million in three new deals and follow-on investments, while exiting four investments for total proceeds of CAD 141 million [2][4]. - Subsequent to year-end, Clairvest made a CAD 32.1 million minority preferred equity investment in NCS Engineers and a CAD 100.6 million equity investment in Beneficial Reuse Management [6][7][9]. Shareholder Returns - The company repurchased and cancelled 500,070 shares for a total of CAD 35 million, at an average price of CAD 70.01 per share, which was accretive to book value per share [5][9]. - Clairvest declared an annual dividend of CAD 1.4 million or CAD 0.10 per share, and a special dividend of CAD 11.1 million or CAD 0.7830 per share, both payable on July 25, 2025 [10][9]. Recognition and Awards - Clairvest was awarded the 2025 CVCA Private Equity Global Dealmaker of the Year for the successful sale of Winters Bros. Waste Systems of Long Island, achieving a 7.5x multiple on invested capital and a 24% internal rate of return [4][10].