Clairvest Group elects 12 directors at annual general meeting

TORONTO - Clairvest Group Inc. (TSX:CVG), a private equity firm with a market capitalization of $14.6 billion and currently trading near its InvestingPro Fair Value, announced Tuesday that shareholders elected all 12 director nominees at the company’s Annual General Meeting held in Toronto.

The elected directors include John Barnett, Michael Bregman, Anne-Mette de Place Filippini, Joseph E. Fluet, G. John Krediet, William F. Morneau, B. Jeffrey Parr, Kenneth B. Rotman, Lionel H. Schipper, Les Viner, Michael Wagman, and Peter Zemsky.

According to the voting results released in a press statement, all nominees received strong majority support from shareholders present or represented by proxy. John Barnett, Anne-Mette de Place Filippini, G. John Krediet, William F. Morneau, and Les Viner each received 10,236,077 votes in favor with only 715 votes withheld.

Michael Bregman and Lionel H. Schipper received the highest number of withheld votes at 109,572 each, while still securing over 10.1 million votes in support.

Clairvest, founded in 1987 by Canadian entrepreneurs, describes itself as a private equity management firm with over CAD $4.5 billion of capital under management. The company focuses on investing in owner-led businesses through its Clairvest Equity Partners limited partnerships.

The Toronto-based firm reports having initiated investments in 69 different platform companies under its current management team.

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