Gateway Casinos Income Fund gets friendly Australian

CVG.CA - key executives, insider trading, ownership, revenue and average growth rates. Detailed company description & address for Clairvest Group Inc.. NEW Casino City Times newsletter! Newsletter Signup. Stay informed with the NEW Casino City Times newsletter! SEARCH NEWS: G aming N ews . Clairvest's $24 Million Investment In Gateway Casinos Closes 1 September 2000. TORONTO, Ontario --(Press Release) – Sept.1, 2000 --Clairvest Group Inc. (TSE:CVG) today announced the closing of its agreement to invest $24 million in privately-held Gateway The Toronto-based Clairvest was recruited by Quad-City developer Rodney Blackwell to partner with him on a potential proposal to build a $250 million casino and multi-use complex in Davenport. Gateway investors owning 31 per cent of the fund have already agreed to the takeover bid. Toronto merchantbank Clairvest Group Inc. will sell its 5.7 per cent stake in the trust and 28.4 per cent Toronto-based Clairvest has forged a partnership with British Columbia-based Great Canadian to make a joint bid in securing a license for building and operating one of New York’s newly-approved casinos. The formidable team up is aiming to build a casino that would have the appeal of an attractive rest stop located on a large 512-acre site along Thruway Exit 27, between the cities of Florida Gateway’s market capitalization would be $1.5-billion if the company is valued in line with what investors pay for Great Canadian or the businesses recently sold by Clairvest and West Face Jeff, a FCA, FCPA, and recipient of the CVCA's Ted Anderson Community Service Award, has spent more than 27 years providing capital to mid-market companies. Since joining Clairvest in 1995, he has worked with Ken Rotman to lead the way to the growth and success of Clairvest’s private equity investment business. Before coming to Clairvest, Jeff was one of three partners managing the Canadian Gateway Casinos, a Clairvest Group Inc. investment partner, has entered into a lockup agreement with the controlling shareholder of Lake City Gaming Corp. to make a formal takeover bid at $3.25 a Great Canadian Gaming Corp. and Clairvest Group Inc. have been chosen to operate and develop four Ontario Lottery and Gaming Corp. facilities west of Toronto. CLAIRVEST GROUP INC. Fund 1 was comprised of investments owned 100% by Clairvest Group Inc. Investment Period: 1994-2000. Number of Investments: 11. Number of Dispositions: 11. Capital Invested: $159 million. Realized Value: $471.7 million. Multiple of Capital: 3.0x. Pooled IRR: 24%. Exited deals. Western Co-Axial. INVESTMENT DATE: 1994-1997 | Industry: Consumer Services. Owner and operator of

[index] [4338] [5425] [14904] [1747] [1321] [22620] [18803] [5433] [13387] [20998]