On December 12, 2025, Clairvest Group Inc. (“CVG”) announced that it, together with Clairvest Equity Partners VI (“CEP VI”, collectively “Clairvest”), sold its interests in F12.net (“F12”). The transaction includes a majority investment from a leading middle-market, growth-oriented private equity firm and a meaningful equity reinvestment from existing F12 shareholders and the executive team, including Founder & CEO Alex Webb.

Upon closing, Clairvest’s portion of the sale proceeds was approximately C$163 million (C$44 million of which was CVG’s portion). On a constant currency basis, the sale proceeds for Clairvest represent a multiple of capital invested of 4.6x and an IRR of 35 percent. This marks Clairvest’s third successful realization in the technology services sector, following its investment experience in Meriplex Communications (7.8x realized MOIC) and Peer 1 Networks (3.2x realized MOIC).

Torys acted as counsel to Clairvest with a team led by Josh Lavine and that included Marco Pontello, Grace Mangusso and Justin Malamis (corporate/M&A), Tom Zverina (financing), Craig Maurice and Robbie Wang (tax).