On May 20, 2015, at the Canadian Venture Capital & Private Equity Association (CVCA) annual conference, Toronto-based Clairvest Group Inc. was presented with the CVCA Private Equity Deal of the Year Award for its sale of KUBRA Data Transfer Ltd. This deal was selected for outstanding cash realization value, and multiple of invested capital returned. Both Clairvest and KUBRA were represented by Torkin Manes LLP, with a team led by Matthew Tevlin and including Glen Eddie, Chaim Sapirman, Catherine Nicholson and Jonah Mayles.
2014 CVCA Private Equity Deal of the Year
Clairvest Group Inc., which invests in entrepreneurial corporations, invested $13 million in KUBRA Data Transfer Ltd, a leading North American provider of outsourced billing solutions for companies with a large customer base. KUBRA Data Transfer Ltd was acquired by Hearst Corporation for almost $175 million in 2014.
- Multiple of invested capital returned: 13.4x
- Internal Rate of Return (cash and total): 40%
The CVCA’s Deal of the Year Awards promote, highlight and celebrate the achievements of CVCA members who have had outstanding investment successes. The selection process focused on CVCA members with the most significant investment return realized during calendar 2014.