Yellow Point II Collects Proceeds from CBV Disposition
August 10, 2015 – Yellow Point Equity Partners II LP (“Yellow Point”) is pleased to announce that it has successfully exited its investment in CBV Collection Services Ltd. (“CBV”). On August 5, 2015, Fund II sold its majority stake in CBV to Eli Global, an international financial services company.
CBV is a leading Canadian accounts receivable management company. Headquartered in Vancouver and with locations across Canada, CBV is licensed to collect in all provinces and territories. Founded in 1921, the company has long-standing relationships with numerous prominent blue-chip customers and government institutions. CBV uses its leading edge technology, team-oriented culture and skilled collectors to generate top returns for clients through ethical and responsible collection practices.
David Chapman, Managing Partner of Yellow Point Equity Partners said “over the course of Yellow Point’s investment, CBV achieved significant growth in market share and profitability due to the dedicated and skilled efforts of the company’s experienced management team. We appreciate the opportunity we were given to partner with the CBV team and enjoyed working with them over the course of our investment partnership.”
Bob Richards, CEO of CBV said “Yellow Point has been a solid partner to the company. They provided strategic guidance which we appreciated. As a result, our growth trajectory and prospects are very bright.”
About Yellow Point
Yellow Point Equity Partners is a private equity investment firm with significant operating and investment experience. It invests in outstanding management teams of later stage growth companies based primarily in western Canada and aims to be the long-term partner of choice for Canada’s leading mid-market companies.
For more information, please contact David Chapman or Tyler Smyrski, or visit www.ypoint.ca.