First round bids for Kubra are due in June and the company, which has an EBITDA of $30m, could be valued at $500m in a deal, said PeHUB, citing five sources.
Clairvest invested C$13 in Kubra and currently holds a 35 per cent stake. The firm received an $11.6m dividend from the company in 2012.
The firm recently hit a first close of $518m for its fifth fund, which was launched with a $500m target.
Clairvest committed $180m to the fund and raised the remaining $338m from LPs.
Earlier in 2014 AltAssets reported that Clairvest was back in the fundraising market and had raised C$300m.
Copyright © 2014 AltAssets