M&A Deal Summary

Novacap Acquires INdigital

On March 7, 2024, private equity firm Novacap acquired communications company INdigital

Acquisition Highlights
  • This is Novacap’s 4th transaction in the Communications sector.
  • This is Novacap’s 21st transaction in the United States.
  • This is Novacap’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2024-03-07
Target INdigital
Sector Communications
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Houlihan Lokey (Financial)
Dentons (Legal)

Target

INdigital

Fort Wayne, Indiana, United States
INdigital provides Next Generation 9-1-1 services. Since inception INdigital has invested in and built superior 9-1-1 networks and solutions including NG9-1-1, Text for 9-1-1, and the MEVO service continuity platform. INdigital was founded in 1995 and is based in Fort Wayne, Indiana.

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Buyer(S) 1

Buyer

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.

DEAL STATS #
Overall 64 of 65
Sector (Communications) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 34 of 34
State (Indiana) 2 of 2
Country (United States) 21 of 21
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 AGA Benefit Solutions

Westmount , Quebec, Canada

AGA Benefit Solutions develops and administer tailor-made group insurance plans. AGA Benefit Solutions was founded in 1978 and is based in Westmount, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Nuvei

Montreal, Quebec, Canada

Nuvei is a payment technology platform that offers direct connections to all major payment card schemes worldwide. Nuvei was founded in 2003 and is based in Montreal, Quebec.

Sell $6.3B
Mergr

Product

Company

Legal