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Discovery Air Bondholders Organize To Oppose Clairvest's Takeover Of Discovery Air Defense Services

2018-01-29 seekingalpha
A new venue, Discovery Air Debenture Holder's Forum, has been created to help protect the principal and interest of Discovery Air's debenture holders.

What Ulterior Motives Are Hidden In Clairvest's Recent Takeover Of Discovery Air Defense Services?

2018-01-17 seekingalpha
In the recent sale of Discovery Air Defense, we believe Clairvest breached Canadian regulations, covenants, and its fiduciary duty to stakeholders, booking a huge $55m MTM profit in 8 days.

PRESS DIGEST- Canada - Dec 20

2017-12-20 reuters
Dec 20 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. (1-0)

CANADA STOCKS-TSX up with banks, energy stocks; Great Canadian Gaming jumps

2017-12-19 reuters
TORONTO, Dec 19 (Reuters) - Canada’s main stock index rose in morning trade on Tuesday, boosted by gains among its biggest banks and other financial stocks, while Great Canadian Gaming Corp surged after it won a contract to operate facilities in the Toronto region. (5-0)

Discovery Air Inc. Announces Securities Conversion

2017-12-15 marketwired
TORONTO, ONTARIO--(Marketwired - Dec. 14, 2017) - Discovery Air Inc. ("Discovery Air") (TSX:DA.DB.A) and Clairvest Group Inc. ("Clairvest") (TSX:CVG) announced today that affiliates of Clairvest have exercised (i) the pre-existing optional conversion feature pursuant to the terms of outstanding credit facilities between, among others, affiliates of Clairvest, Discovery Air and Discovery Air Defence Services Inc.

Woodbine’s ‘city within a city’ casino expansion expected to generate 2,500 jobs

2017-08-08 thestar
A new partnership between B.C.-based Great Canadian Gaming Corp. and Toronto-based Brookfield Business Partners is being tight-lipped about its plans for the Woodbine, Great Blue Heron and Ajax gaming sites.

Great Canadian Gaming Corp., Brookfield Partners win contract for 3 GTA casinos

The Ontario Lottery and Gaming Corp. has selected Great Canadian Gaming Corp. and Brookfield Business Partners LP to run its casinos in the Greater Toronto Area.

Great Canadian Gaming-Brookfield partnership chosen to run Toronto-area casinos

TORONTO -- The Ontario Lottery and Gaming Corp. has selected Great Canadian Gaming Corp. (TSX:GC) and Brookfield Business Partners LP (TSX:BBU.UN) to run its casinos in the Greater Toronto Area.

Great Canadian Gaming and Brookfield Awarded GTA Bundle in Ontario Gaming Modernization Process

2017-08-08 marketwired
COQUITLAM, BRITISH COLUMBIA and TORONTO, ONTARIO--(Marketwired - Aug. 8, 2017) - Great Canadian Gaming Corporation (TSX:GC) ("Great Canadian") and Brookfield Business Partners L.P. (NYSE:BBU)(TSX:BBU.UN) ("Brookfield Business Partners") together with its institutional partners (collectively, "Brookfield"), announce today that they have been selected as the successful proponent by the Ontario Lottery and Gaming Corporation ("OLG") to operate certain gaming facilities in the Greater Toronto Area (the "GTA Bundle").

Clairvest Announcement

2017-06-28 marketwired
TORONTO, ONTARIO--(Marketwired - June 28, 2017) - Clairvest Group Inc. (TSX:CVG) ("Clairvest") is providing an update on the previously announced regulatory issues with respect to its investment in Head InfoTech India Pvt. Ltd. ("Head InfoTech"). On June 17, 2017, the Telangana (India) state government issued an ordinance which, among other things, made it illegal to operate an online gaming platform within the state (providing services to customers within the state and operating such a business within the state serving customers outside the state) (the "Ordinance").

Clairvest Group: What Happened?

2017-06-22 seekingalpha
Recent news releases should have been a boon to the company, as it entered new territory in a familiar space.

Clairvest Announcement

2017-06-20 marketwired
TORONTO, ON--(Marketwired - June 20, 2017) - Clairvest Group Inc. (TSX: CVG) ("Clairvest") announced today that there has been a material adverse regulatory development with respect to its investment in Head InfoTech India Pvt. Ltd. Clairvest's exposure to this investment, on a pre-tax basis, is equal to 11% of Clairvest's most recently disclosed book value, or $56 million. The negative impact on the value of Clairvest's investment in Head InfoTech from this development is currently uncertain and potentially material.

Clairvest Announced Winner of the 2017 CVCA Private Equity Deal of the Year Award

2017-06-07 marketwired
TORONTO, ON--(Marketwired - June 07, 2017) - Clairvest Group Inc. (TSX: CVG) ("Clairvest") is pleased to announce that today Canada's Venture Capital & Private Equity Association announced Clairvest as the winner of the 2017 Private Equity 'Deal of the Year' award for the successful realization of Cieslok Media. Cieslok Media is a leading Canadian out of home advertising firm, operating predominantly large format digital and static billboards throughout major cities in Canada.

Discovery Air Announces New Revolving Credit Facility from Clairvest

2017-06-05 marketwired
TORONTO, ONTARIO--(Marketwired - June 5, 2017) - Discovery Air Inc. ("Discovery Air" or the "Corporation") (TSX:DA.A) announced today that its subsidiary, Discovery Air Defence Services Inc. ("DA Defence"), has entered into a subordinated credit agreement with certain funds or co-investors (such lenders, collectively "Clairvest") of Clairvest Group Inc., the controlling shareholder of the Corporation, providing for a revolving subordinated credit facility in the aggregate principal amount of up to $13,000,000 (the "Revolving Credit Facility").

Discovery Air Inc. and Clairvest Announce Completion of Going Private Transaction

2017-05-26 marketwired
TORONTO, ONTARIO--(Marketwired - May 26, 2017) - Discovery Air Inc. ("Discovery Air" or the "Corporation") (TSX:DA.A) and Clairvest Group Inc. ("Clairvest") (TSX:CVG) announced today the closing of the previously announced statutory plan of arrangement under section 192 of the Canada Business Corporations Act, pursuant to which, among other things, all of the common shares of the Corporation (the "Shares") were acquired by 10123200 Canada Inc.