Clairvest Reports Fiscal 2025 Fourth Quarter and Year End Results

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[{"type":"text","content":"Clairvest Reports Fiscal 2025 Fourth Quarter and Year End Results\n\n\n\n TORONTO, June 25, 2025 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) today reported results for the fourth quarter and year ended March 31, 2025 and events which occurred subsequent to year end.\n \n (All figures are in Canadian dollars unless otherwise stated)\n \n\n\n\n Highlights\n \n\n\n\n March 31, 2025 book value was $1,251.6 million or $88.30 per share compared with $1,234.3 million or $86.78 per share as at December 31, 2024 and $1,176.3 million or $80.16 per share as at March 31, 2024\n \n\n Net income for the fourth quarter was $20.7 million or $1.46 per share as the fair value of certain investments increased\n \n\n Net income for fiscal 2025 was $122.0 million or $8.47 per share. During fiscal 2025, Clairvest had $46.1 million of net realized gains from the realization of four investments and $44.8 million of net investment gains on its remaining private equity portfolio\n \n\n Subsequent to year end, Clairvest and Clairvest Equity Partners VII (“CEP VII”) invested in NCS Engineers\n \n\n Also subsequent to year end, Clairvest and CEP VII invested in Beneficial Reuse Management\n \n\n Also subsequent to year end, Clairvest declared an annual dividend of $1.4 million, or $0.10 per share, and a special dividend of $11.1 million, or $0.7830 per share, both payable on July 25, 2025\n \n\n\n Clairvest’s book value was $1,251.6 million or $88.30 per share as at March 31, 2025, compared with $1,234.3 million or $86.78 per share as at December 31, 2024 and $1,176.3 million or $80.16 per share as at March 31 2024. For the year ended March 31, 2025, Clairvest had invested a total of $53 million in three new deals and follow-on investments and exited four investments for total proceeds of $141 million. As at March 31, 2025, cash, cash equivalents and temporary investments excluding marketable securities, as reported under IFRS, were $250 million. In addition, our acquisition entities held $139 million in cash, cash equivalents and temporary investments as at March 31, 2025 bringing total available cash to $389 million. In aggregate, this represented 31% of our book value as at March 31, 2025, or approximately $27 per share.\n \n\n Net income for the fourth quarter was $20.7 million, or $1.46 per share. The net income for the fou...

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