Top Aces

Clairvest Reports Fiscal 2023 Fourth Quarter and Year End Results

Retrieved on: 
Monday, June 26, 2023
Partnership, CVCA, CVG, Top Aces, Acquisition, Investment, ECL, TSX, Growth, CEP, Video game, Cryptocurrency, Security (finance), Holding company, Mountain West Conference

TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) today reported results for the fourth quarter and year ended March 31, 2023 and events which occurred subsequent to year end. (All figures are in Canadian dollars unless otherwise stated)

Key Points: 
  • TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) today reported results for the fourth quarter and year ended March 31, 2023 and events which occurred subsequent to year end.
  • In aggregate, this represented 35% of our book value as at March 31, 2023, or approximately $28 per share.
  • Net loss for the fourth quarter was $13.8 million, or $0.92 per share.
  • The net income for the fourth quarter of fiscal 2023 reflects a net decrease in the fair value of Clairvest’s investee companies and a corresponding decrease in carried interest from the CEP Funds.

Morgan Stanley Private Equity Secondaries Completes Investment Alongside Clairvest in Top Aces

Retrieved on: 
Wednesday, May 31, 2023
Banking, Asset Management, Professional Services, Finance, Joint terminal attack controller, JTAC, Morgan Stanley, Top, Aircraft, Ace, CDPQ, Top Aces, F-16, Growth, Security (finance)

Investment funds managed by Morgan Stanley Private Equity Secondaries and Clairvest Group (Clairvest) announced today the completion of a growth equity investment in Top Aces alongside Top Aces’ other shareholders, which includes global investment group CDPQ.

Key Points: 
  • Investment funds managed by Morgan Stanley Private Equity Secondaries and Clairvest Group (Clairvest) announced today the completion of a growth equity investment in Top Aces alongside Top Aces’ other shareholders, which includes global investment group CDPQ.
  • Top Aces provides advanced adversary air (ADAIR) and Joint Terminal Attack Controller (JTAC) training to the armed forces of the United States, Canada, Germany and other NATO allies.
  • Nash Waterman, Head of Morgan Stanley Private Equity Secondaries, said: “We are pleased to partner with Clairvest, CDPQ and the team at Top Aces as they deliver the highest end, real-world adversary training experience while creating significant cost efficiencies for their customers.
  • Morgan Stanley Private Equity Secondaries’ sophistication and agility helped make an otherwise complicated transaction close seamlessly.

Top Aces Corp. Announces Strategic Investment in EpiSci

Retrieved on: 
Friday, March 3, 2023
Aircraft, AAMS, Eglin Air Force Base, Top Aces, F-22, Tactic, F-16, Collaborative combat aircraft, USAF, Ace, Nature, Jet fuel, AI, AFB

MESA, Ariz., March 3, 2023 /PRNewswire-PRWeb/ -- Top Aces Corp. (Top Aces), the world's only commercial owner and operator of F-16 fighter aircraft, today announced an investment in San Diego-based EpiSci, developer of the most trusted, resilient and modular Tactical AI solutions for defense, aerospace and commercial applications.

Key Points: 
  • AI is expected to play an increasingly significant role in air combat operations, including adversary air (ADAIR) training.
  • AI functions will be integrated into Top Aces' fleet with industry-leading speed-to-service, offering highly sophisticated threat replication and operational cost efficiencies.
  • "This is a very significant strategic investment for us," says Russ Quinn, President, Top Aces Corp. "AI is impacting numerous industries and defense is no exception.
  • "We are thrilled to work with Top Aces," said Bo Ryu, Founder and President, EpiSci.

Clairvest Reports Fiscal 2023 Third Quarter Results

Retrieved on: 
Monday, February 13, 2023
Toronto Stock Exchange, TSX, Investment, IRR, Sale, CVG, DTG, US, Top Aces, CEP, Cryptocurrency, Security (finance)

TORONTO, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) today reported results for the fiscal 2023 third quarter and nine months ended December 31, 2022 and material events subsequent to quarter end.

Key Points: 
  • TORONTO, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) today reported results for the fiscal 2023 third quarter and nine months ended December 31, 2022 and material events subsequent to quarter end.
  • Net income for the quarter ended December 31, 2022 was $37.5 million or $2.49 per share.
  • The increase in book value for the quarter was attributable to net income for the quarter of $37.5 million, or $2.49 per share.
  • A more difficult macro environment and tighter liquidity is not all bad for a long-term investor," said Ken Rotman, CEO of Clairvest.

Clairvest Reports Fiscal 2023 Second Quarter Results

Retrieved on: 
Monday, November 14, 2022
Sea star wasting disease, TSX, CEP, CVG, US, Top Aces, Renewable energy, Security (finance), Financial services

TORONTO, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) today reported results for the fiscal 2023 second quarter and six months ended September 30, 2022 and material events subsequent to quarter end.

Key Points: 
  • TORONTO, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) today reported results for the fiscal 2023 second quarter and six months ended September 30, 2022 and material events subsequent to quarter end.
  • The increase in book value for the quarter was attributable to net income for the quarter of $40.1 million, or $2.66 per share.
  • In July 2022, Clairvest together with CEP VI made a US$40.0 million equity investment in Star Waste, which was previously announced in the first quarter press release.
  • In July 2022, and as previously announced in the first quarter press release, Clairvest and CEP V completed the partial realization of Meriplex.

Top Aces Announces Military Flight Release for F-16 Advanced Aggressor Fighter

Retrieved on: 
Tuesday, August 16, 2022
General Dynamics F-16 Fighting Falcon variants, F-16, Top Aces, Air force, Technology, AAF, MFR, Hilltop Holdings Inc., AAMS, Atmosphere of Earth, AFA, JTAC, F-22, USAF, Aggressor, Conference, United, Aircraft, F-35, Jet fuel, MD

MESA, Ariz., Aug. 16, 2022 /PRNewswire-PRWeb/ -- Top Aces Corp., a leading provider of advanced adversary training and the only company in the world to own and operate the F-16 commercially, today announced receipt of Military Flight Release (MFR) from the United States Air Force (USAF) for its F-16 Advanced Aggressor Fighter (AAF) aircraft.

Key Points: 
  • MESA, Ariz., Aug. 16, 2022 /PRNewswire-PRWeb/ -- Top Aces Corp., a leading provider of advanced adversary training and the only company in the world to own and operate the F-16 commercially, today announced receipt of Military Flight Release (MFR) from the United States Air Force (USAF) for its F-16 Advanced Aggressor Fighter (AAF) aircraft.
  • MFR allows Top Aces' F-16 AAFs, the most sophisticated adversary air platform on the market today, to immediately begin supporting USAF flight training programs.
  • Equipped with Top Aces' proprietary Advanced Aggressor Mission System (AAMS), the F-16 AAF replicates near-peer adversary fighter aircraft.
  • Visit Top Aces at booth 1714 to learn more about the most advanced adversary capabilities currently serving the US Department of Defense.

Don Graves Joins Raisbeck as Chief Financial Officer

Retrieved on: 
Wednesday, June 29, 2022
Aerospace, Manufacturing, Air, Transport, Engineering, Efficiency, Insurance, Zodiac Aerospace, Lewis & Clark College, Strategic planning, LinkedIn, Aviation Industry Corporation of China, Strategic business unit, Accounting, Cost model, AGC Aerospace & Defense, Company, Forecasting, Business administration, Electronics, Defense, CFO, ERP, Portland State University, University, Bank account, Top Aces, Blue Origin, Advanced composite materials (engineering), Twitter, Grave, Management, Raisbeck, Facebook

Raisbeck Engineering, a leading provider of performance enhancement systems for business, commercial and military aircraft, today announced the appointment of Don Graves as Chief Financial Officer.

Key Points: 
  • Raisbeck Engineering, a leading provider of performance enhancement systems for business, commercial and military aircraft, today announced the appointment of Don Graves as Chief Financial Officer.
  • He comes to Raisbeck from Korry Electronics, where he was a key business leader responsible for overseeing the companys financial functions, including financial reporting, analysis, and forecasting, a role in which he positioned Korry for financial growth and efficiency.
  • Don is an excellent addition to our team and brings with him extensive financial, operational, and strategic experience with a proven track record of success, said Hal Chrisman, President of Raisbeck.
  • In his new role, Graves will lead Raisbecks financial activities, including: accounting, financial planning and analysis, financial reporting, cost control, insurance, and internal audit.

Top Aces welcomes new leadership in Europe

Retrieved on: 
Tuesday, May 17, 2022
Top Aces, United States Secretary of the Air Force, Lockheed Martin F-35 Lightning II, JTAC, Flight service station, AESA, Awards and decorations of the German Armed Forces, Future Combat Air System (UK), Exercise, Leadership, F-16, Business development, Airbus Defence and Space, Weapon, Air commodore, Mission, CAS, GAF, Lightning, Research, GFD, German Navy, NATO, Bundeswehr, Technology, AAMS, RAF, Blue Air, Friends, Growth, Aircraft, Royal Air Force, Joint terminal attack controller, Ace, CEO, Rail transport, Airline

MONTREAL, May 17, 2022 /PRNewswire/ -- Top Aces Inc., the leading worldwide provider of contracted adversary air (ADAIR) and close air support (CAS) services, is pleased to announce that Stefan Müller and David Bradshaw have joined Top Aces to lead the company's growth and operations across Europe.

Key Points: 
  • Stefan brings a wealth of experience to Top Aces that begins with an 18-year career with the German Navy and GAF as a fighter pilot.
  • "With its leading-edge technology and highly experienced personnel, Top Aces provides the most advanced air combat training that exists today.
  • Their unique backgrounds and seasoned leadership will prove invaluable throughout Europe as NATO countries increase demand for high quality and representative adversary air training," said Didier Toussaint, Chief Operating Officer at Top Aces.
  • Top Aces provides advanced adversary ("red air") and Joint Terminal Attack Controller (JTAC) training to the world's leading air forces.

Blue Air Training Corp. and Top Aces Corp. announce groundbreaking business combination - expanding service offering to military customers worldwide

Retrieved on: 
Wednesday, March 30, 2022
United, Close air support, Company, Exercise, Joint terminal attack controller, JTAC Hill, Air National Guard, Aircraft, CAS, Culture, Naval Aviation Warfighting Development Center, Ace, Top Aces, CEO, Name, Industry, Technology, Hilltop Holdings Inc., Texas Air National Guard, Partnership, Airline, Rail transport, JTAC, Blue Air

LAS VEGAS and MESA, Ariz., March 30, 2022 /PRNewswire-PRWeb/ -- Blue Air Training Corp. (Blue Air) and Top Aces Corp., today announced the completion of an industry changing business combination. Customers for both companies will now benefit from Blue Air's best-in-class Joint Terminal Attack Controller (JTAC) training expertise, and the capabilities of Top Aces to exercise their pilots against the world's most advanced fleet of contracted aggressor aircraft.

Key Points: 
  • LAS VEGAS and MESA, Ariz., March 30, 2022 /PRNewswire-PRWeb/ -- Blue Air Training Corp. (Blue Air) and Top Aces Corp., today announced the completion of an industry changing business combination.
  • We are thrilled to continue providing the highest quality training experience available to our Warfighters," said James "Chef" Barlow, Founder and CEO of Blue Air.
  • Blue Air Training (Blue Air) is one of the preeminent providers of CAS training for U.S. and foreign military Joint Terminal Attack Controllers.
  • Blue Air offers a comprehensive, end-to-end suite of training services for JTAC, satisfying its CAS training requirements and ensuring combat readiness.

HII Completes First Contractor-Owned, Contractor-Operated Air Combat Training Mission with U.S. Air Forces in Europe and Air Forces Africa

Retrieved on: 
Thursday, March 3, 2022
United States Air Force, Movement, USAFE, Industry, United, Government, Link aggregation, Top Aces, NYSE, Spangdahlem Air Base, COCO, Acquisition, ISR, Workforce, Partnership, HII, GLOBE, Construction, Risk management, Jet fuel, Reconnaissance

MCLEAN, Va., March 03, 2022 (GLOBE NEWSWIRE) -- HII (NYSE:HII) successfully completed the first contractor-owned, contractor-operated (COCO) air combat training mission with the U.S. Air Force in Europe.

Key Points: 
  • MCLEAN, Va., March 03, 2022 (GLOBE NEWSWIRE) -- HII (NYSE:HII) successfully completed the first contractor-owned, contractor-operated (COCO) air combat training mission with the U.S. Air Force in Europe.
  • This training represents a milestone for contracted adversary air training outside the United States and enhances the training readiness for U.S. Air Forces in Europe/Air Forces Africa (USAFE-AFAFRICA).
  • Over a 16-month period leading up to the air combat training mission, HII architected the training program and facilitated the coordination of all operational components with European governments, regulatory agencies and USAFE-AFAFRICA.
  • The air combat training program enables U.S. Air Forces in Europe to evaluate training effectiveness, suitability and interoperability of contractor-operated air training for U.S. forces in the European theater.