Clairvest Investment Funds Decline Slightly to US$668 Million

According to its 2018Q4 financial report, the Clairvest Group of Canada, now seeking an IR license in a Japanese regional market, had C$890.7 million (about US$668 million) of capital available for future acquisitions through treasury funds, credit facilities, and other resources, as of the end of 2018.

This represents a decline of less than 1% from the figure published in the previous quarter, when converted into US dollars.

Net income for the October-December 2018 quarter was C$24.0 million (about US$18 million).

Clairvest last year signaled its intention to make IR bids in some regional markets, including Tomakomai and Nagasaki, but has become quieter in recent months. (AGB Nippon)