Clairvest Group and CEP Close Joint Venture in Van-Rob

On July 26, 2002, Canadian merchant bank Clairvest Group Inc. and Clairvest Equity Partners Limited Partnership (CEP) closed a $20 million joint investment in Scarborough, Ontario-based Van-Rob Stampings Inc. (Van-Rob) for a minority interest. Van-Rob is a best-in-class supplier of metal stampings and welded assemblies to the automotive industry. The investment in Van-Rob has been split between Clairvest and CEP based on pro rata capital commitments to the investment pool, of 25 per cent and 75 per cent respectively.

Goodmans LLP represented Clairvest Group and CEP, with a team led by David Matlow and Jeffrey Singer, and including Mitch Sherman, Ken Herlin, Kari MacKay and Jennifer Harris. Van-Rob was represented by Gowling Lafleur Henderson LLP, with a team led by Bill Ostrander, and including Vince Imerti, Jason Salzman, Paul Holden, Stan Chau and Sharon Bennett, and by Wes Brown of Morrison, Brown, Sosnovitch LLP.