Paul Rivett (businessman)
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Paul Rivett | |
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| Born | Pickering, Ontario, Canada |
| Nationality |  Canada |
| Alma mater | University of Toronto (1990) Queen's University (1992, 1996) |
| Occupation | Businessman |
| Known for | Former President of Fairfax Financial Holdings Limited, co-acquirer and former co-owner of Torstar |
Paul Rivett is a Canadian businessman and the former president of Fairfax Financial Holdings Limited, a multinational insurance and investment management company based in Toronto, Ontario. After retiring from Fairfax in 2020, he became a key player in the acquisition of Torstar and now oversees Tevir Investments Inc., a family office with various business interests.
Early Life and Education
Rivett was born and raised in Pickering, Ontario to immigrant parents from the United Kingdom and Poland. He attended Dunbarton High School, graduating in 1986.[1] He received a Bachelor of Science in Economics[2] from the University of Toronto in 1990, followed by a Master's of Industrial Relations in 1992 and a Law degree in 1996, both from Queen's University.[3]
Career
Law
Rivett began his legal career at the firm Blake, Cassels & Graydon where he learned about the world of mergers and acquisitions, later moving on to work at multinational firm Shearman & Sterling.[4] [3]
Fairfax Financial Holdings Limited
In 2004, Rivett made the jump from law to join Fairfax Financial Holdings Limited, where he held a variety of roles, including Chief Legal Officer, Vice President, Operations and Chief Operating Officer, before becoming President in 2013.[5] During his time at Fairfax, he initiated the company's innovation lab and FairVentures group,[6] which invested in several startups. Rivett retired from Fairfax in 2020.[7][3]
Torstar
After his retirement, Rivett partnered with Jordan Bitove to acquire Torstar, publisher of the Toronto Star.[8][9][10][11] Rivett was approached by Bitove for consultation on the acquisition but expressed interest in being a partner rather than a consultant.[12][13] The deal to purchase Torstar came after a long battle with competing bidder Canadian Modern Media Holdings.[14][15] He drew on his past experience in revitalizing a Manitoban railway as a potential asset for the company's turnaround efforts,[16] and wrote several articles for the paper while working there.[17][18][19] Rivett left the company after a legal dispute with his co-owner Jordan Bitove - who took full ownership.[20][21][22]
Tevir Investments Inc.
Rivett currently oversees Tevir Investments Inc., a family office with investments in gaming & entertainment, media, and industrial companies.[23]
References
- ↑ "Dunbarton Graduating Class".
- ↑ "Recipe Unlimited Board of Directors".
- ↑ 3.0 3.1 3.2 Saba, Rosa (August 8, 2020). "Some Key Facts about the Toronto Star's New Owners". Toronto Star.
- ↑ Saba, Rosa (May 27, 2020). "Who Are Torstar's New Owners". Toronto Star.
- ↑ "Fairfax Names Paul Rivett as President of the Company". Financial Post. July 19, 2013.
- ↑ Nelson, Jacqueline (April 14, 2016). "Fairfax Seeks to Boost Business through Venture Capital". The Globe and Mail.
- ↑ "Fairfax president Rivett retiring". Toronto Star. February 13, 2020.
- ↑ Subramaniam, Vanmala (May 26, 2020). "Torstar Sold to Nordstar Capital in 53M Deal". Financial Post.
- ↑ Rubin, Josh (July 27, 2020). "Ontario court approves NordStar takeover of Toronto Star publisher". Toronto Star.
- ↑ Subramaniam, Vanmala (July 21, 2020). "Sold, but not to the highest bidder: Torstar shareholders back NordStar bid". Financial Post.
- ↑ Deschamps, Tara (May 26, 2020). "Toronto Star owner Torstar to be sold, taken private in $52- million deal". CTV News.
- ↑ DiManno, Rosie (August 8, 2020). "Jordan Bitove and Paul Rivett Explain How They Came to Buy Torstar". Toronto Star.
- ↑ McBride, Jason (February 8, 2023). "Star Wars: Inside the Vicious Battle for Control of the Country's Largest Newspaper". Toronto Life.
- ↑ Willis, Andrew (July 23, 2020). "Ontario court delays Torstar takeover after rival bidder raises objections". The Globe and Mail.
- ↑ Rubin, Josh (July 29, 2020). "Torstar takeover delayed again by rival bidder". Toronto Star.
- ↑ Kavanagh, Sean (May 30, 2018). "Deal Reached for Ownership of Churchill Rail Line". CBC News.
- ↑ Rivett, Paul (January 9, 2021). "Open letter on the crisis in long-term care". Toronto Star.
- ↑ Rivett, Paul (May 24, 2021). "In Your Corner: The fall in bitcoin is no laughing matter". Toronto Star.
- ↑ Rivett, Paul (July 5, 2021). "Charlie Munger's wrong: Should you be uncomfortable investing in China?". Toronto Star.
- ↑ Humphreys, Adrian (September 29, 2022). "Court asked to force sale of Toronto Star as two owners have 'irreconcilable views' on future of media giant". National Post.
- ↑ Castaldo, Joe (October 3, 2022). "Feud between Toronto Star owners Paul Rivett and Jordan Bitove heading to arbitration". The Globe and Mail.
- ↑ "Jordan Bitove takes full ownership of Toronto Star parent company". National Post. November 24, 2022.
- ↑ "Boreal Carbon Leadership".
External links
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