Clairvest Announces Meriplex Recapitalization

Jul 18, 2022

TORONTO, July 18, 2022 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) (“CVG”), announced today that Meriplex Communications, Ltd. (“Meriplex”, or the “Company”), a portfolio company of CVG and Clairvest Equity Partners V (“CEP V”, collectively “Clairvest”), completed a partial realization with Vitruvian Partners (“Vitruvian”). The transaction involves the acquisition of a majority interest by Vitruvian and a meaningful equity reinvestment by Meriplex shareholders who will participate in the next chapter of growth.

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