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1. Company Snapshot

1.a. Company Description

Clairvest Group Inc.is a private equity firm specializing in mid-market, growth equity investments, growth capital, buyouts, and consolidating industries and add-on acquisitions.It seeks to invest in small and mid-sized gaming and casino, local market gaming, healthcare, equipment rental, facility services, oilfield services, waste management, business services, consumer services, aerospace, automotive aftermarket, collision repair, food, beverage and co-packing, defense, document management, warranty, contact manufacturing, environmental services, rental services, residential HVAC services, healthcare services, multiunit healthcare, insurance services, IT services, logistics and transportation, mining services, packaging, pest control, specialty aviation, education, software (mature), textile rental, utility services, water, building products, government services, industrial distribution and services, information technology and information services, media and marketing, non-destructive testing, renewable energy, property management, and restaurants.


The firm typically invests in companies based in North America including United States and Canada.It seeks to make equity investments between CAD$25 million ($19.53 million) and CAD$100 million ($78.14 million) in its portfolio company with EBITDA between CAD$5 million ($3.81 million) and CAD$50 million ($39.07 million).The firm does not require majority stake and takes controlling or minority investments.


It invests its own capital and seeks to take a board seat on its portfolio companies.The firm also makes co-investments.The firm typically exits its investments through market share offering, a strategic sale or sale to a financial buyer.


Clairvest Group Inc.was founded in 1987 and is based in Toronto, Canada.

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1.b. Last Insights on CVG

Recent drivers behind Clairvest Group's performance include the company's strong Q3 2025 earnings, with net income up 676% to CA$38.5m or CA$2.70 per share. This was driven by a strong portfolio performance, with December 31, 2024 book value at CA$1,234.3m or CA$86.78 per share, up from CA$1,196.9m or CA$84.06 per share as at September 30, 2024. Insider buying activity, with 55% ownership and recent purchases, suggests a bullish sentiment among management. Additionally, the company's announcement of a new normal course issuer bid (NCIB) to purchase up to 5% of its outstanding shares, may be seen as a positive signal to investors. However, the company's recent membership in the Solar Energy Industries Association (SEIA) through its subsidiary NovaSource Power Services, may not have a direct impact on the company's financial performance.

1.c. Company Highlights

2. Transcript Summary

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.50%)

6. Segments

Mutually Beneficial Investments

Expected Growth: 10.5%

Clairvest Group's mutually beneficial investments drive growth through strategic partnerships, fostering value creation and returns for all parties involved, with a focus on long-term collaborations and synergies.

7. Detailed Products

Gaming and Leisure

Clairvest Group Inc. provides investment and management services to the gaming and leisure industry, including casinos, hotels, and entertainment venues.

Food Processing and Distribution

Clairvest Group Inc. offers investment and management services to the food processing and distribution industry, including meat processing, food manufacturing, and logistics.

Waste Management and Recycling

Clairvest Group Inc. provides investment and management services to the waste management and recycling industry, including waste collection, recycling facilities, and landfill management.

Technology and Healthcare

Clairvest Group Inc. offers investment and management services to the technology and healthcare industry, including healthcare IT, medical devices, and healthcare services.

8. Clairvest Group Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Clairvest Group Inc. is medium due to the presence of alternative investment options for investors.

Bargaining Power Of Customers

The bargaining power of customers for Clairvest Group Inc. is low due to the company's diversified portfolio and lack of dependence on a single customer.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Clairvest Group Inc. is medium due to the company's reliance on a few key suppliers for its investment activities.

Threat Of New Entrants

The threat of new entrants for Clairvest Group Inc. is high due to the relatively low barriers to entry in the investment industry.

Intensity Of Rivalry

The intensity of rivalry for Clairvest Group Inc. is high due to the competitive nature of the investment industry and the presence of several established players.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 0.20%
Debt Cost 3.95%
Equity Weight 99.80%
Equity Cost 3.88%
WACC 3.88%
Leverage 0.20%

11. Quality Control: Clairvest Group Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Stellus Capital

A-Score: 7.4/10

Value: 7.6

Growth: 6.8

Quality: 6.1

Yield: 10.0

Momentum: 4.0

Volatility: 9.7

1-Year Total Return ->

Stock-Card
Dividend 15 Split

A-Score: 7.1/10

Value: 3.1

Growth: 7.8

Quality: 6.7

Yield: 10.0

Momentum: 6.0

Volatility: 9.3

1-Year Total Return ->

Stock-Card
Clairvest Group

A-Score: 6.6/10

Value: 7.1

Growth: 6.0

Quality: 8.2

Yield: 4.0

Momentum: 4.5

Volatility: 10.0

1-Year Total Return ->

Stock-Card
Diamond Hill Investment

A-Score: 6.5/10

Value: 6.8

Growth: 3.2

Quality: 8.4

Yield: 9.0

Momentum: 3.0

Volatility: 8.7

1-Year Total Return ->

Stock-Card
Sprott

A-Score: 6.1/10

Value: 1.3

Growth: 6.6

Quality: 7.9

Yield: 3.0

Momentum: 10.0

Volatility: 7.7

1-Year Total Return ->

Stock-Card
Virtus Investment Partners

A-Score: 5.9/10

Value: 5.6

Growth: 5.1

Quality: 7.2

Yield: 7.0

Momentum: 3.5

Volatility: 6.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

70.5$

Current Price

70.5$

Potential

-0.00%

Expected Cash-Flows