Filogix

“Monitor Clipper Partners recognized the importance of letting our team of experienced managers continue to run the company. They are excellent strategic thinkers. We could take anything to them, the good, the bad, and the ugly. If we had a good idea, they were ready to invest in it. The point was to build the business. Our business is capital intensive initially, but has the potential to generate very strong profit after 12 to 18 months. Monitor Clipper Partners’ longer-term vision made for better decision making.”

“And I liked them as people. I really feel that if I came in with good news or bad, it was dealt with in the same way – by analyzing the situation and helping us decide what to do next. It was an enjoyable personal relationship.”

Yousry Bissada, Filogix CEO

Filogix, a leading supplier of software solutions to Canada's real estate and mortgage-related industries, had ambitious growth plans. When its initial investors sought to divest before these plans were realized, Filogix’ senior management team asked Monitor Clipper Partners to step in and provide the capital and support needed to achieve its goals. Monitor Clipper Partners’ extensive experience in the Canadian financial services industry enabled MCP to rapidly assess both the market and Filogix’ promising position.

Within two years of Monitor Clipper Partners’ investment, Filogix core earnings more than doubled, drawing the attention of several strategic buyers. Given the formidable valuations proposed by these parties, Monitor Clipper Partners and Filogix management agreed to sell Filogix, achieving annual equity returns of over 85 percent during MCP’s ownership period.