Clairvest announces successful recapitalization of F12.net
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%. 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).
Further information can be found on GlobeNewswire’s website.
F12 is one of the largest privately held managed service providers in Canada, serving small and medium-sized businesses nationwide, with offices across Alberta, British Columbia and Ontario. It supports over 20,000 users, delivering mission-critical managed technology services through its proprietary platform, F12 Connect.
Founded in 1987 by a group of successful Canadian entrepreneurs, Clairvest is a top performing private equity management firm with over C$4.3 billion of capital under management.