Montreal, QC – The Canadian Venture Capital & Private Equity Association (CVCA) announced winners of its annual Deal of the Year awards during its 2017 annual conference, Invest Canada ’17 (hosted in conjunction with Réseau Capital), in Montreal today. Vancouver-based Yaletown Partners won in the venture capital category for its investment in Bit Stew Systems Inc. – now GE Digital – while Toronto-based Clairvest Group Inc. won in the private equity category for its investment in Cieslok Media Inc.
Both deals were selected for outstanding cash realization value, and multiple of invested capital returned. The CVCA’s Deal of the Year awards are presented annually and promote, highlight and celebrate the achievements of CVCA members who have had outstanding investment successes. The selection process recognizes CVCA members with the most significant investment return realized via an exit during the 2016 calendar year.