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 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 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 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 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 Parr is Vice Chairman/Managing Director at Clairvest Group Inc. See Jeff Parr's compensation, career history, education, & memberships.
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