Core Insights - Clairvest Group Inc. has sold its interests in F12.net, a leading managed service provider in Canada, to a private equity firm, with significant reinvestment from existing shareholders and the executive team [1][2] Company Overview - F12 is one of the largest privately held managed service providers in Canada, catering to small and medium-sized businesses with over 20,000 users [2] - The company operates across Alberta, British Columbia, and Ontario, delivering critical managed technology services through its proprietary platform, F12 Connect [2] Investment Performance - Clairvest partnered with F12 in November 2020 to scale its platform, resulting in substantial growth; F12's revenue increased over 2.5 times and EBITDA over 3.5 times during the investment period [3] - The sale proceeds for Clairvest amounted to approximately CAD$163 million, with Clairvest's portion being CAD$44 million, representing a capital multiple of 4.6x and an IRR of 35% [4] Impact on Clairvest - The sale positively impacts Clairvest's book value by approximately CAD$1.50 per share over the carrying value as of September 30, 2025 [4] - This transaction marks Clairvest's third successful realization in the technology services sector, following previous investments in Meriplex Communications and Peer 1 Networks [4] Management Commentary - Clairvest's Managing Director highlighted F12's commitment to service delivery and its ambition to lead the managed technology services market in Canada [5] - F12's Founder & CEO expressed excitement about the next growth phase, emphasizing the successful partnership with Clairvest and the achievement of industry-leading KPIs [6]