M&A Deal Summary

Novacap Acquires Foliot

On November 5, 2019, private equity firm Novacap acquired furniture company Foliot

Acquisition Highlights
  • This is Novacap’s 2nd transaction in the Furniture sector.
  • This is Novacap’s 13th transaction in the United States.
  • This is Novacap’s 1st transaction in Nevada.

M&A Deal Summary
Date 2019-11-05
Target Foliot
Sector Furniture
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)

Target

Foliot

Las Vegas, Nevada, United States
website
Foliot Furniture provides quality furnishings for the hospitality and educational housing communities. Foliot produces furniture using innovative technologies, and distinctive aesthetics without compromising the strength and durability needed to endure the demands of the contract environment. Foliot Furniture was founded in 1991 and is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor

website

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 42 of 59
Sector (Furniture) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 23 of 31
State (Nevada) 1 of 1
Country (United States) 13 of 18
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Spectrum Health Care

Toronto, Ontario, Canada

Spectrum Health Care is a provider of home health care services, offering a range of health care services which include: nursing, personal and home support, physiotherapy, corporate wellness, non-urgent patient transfer, companionship, and event medical services. Spectrum Health Care was founded in 1977 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 Bentley

Montreal, Quebec, Canada

Bentley & Co. Ltd. is a retail company operating across the 10 Canadian provinces. With over 300 stores, Bentley is Canada’s largest specialty retailer of luggage, handbags, small leather goods, and related accessories. Bentley & Co. was founded in 1987 and is based in Montreal, Quebec.

Sell -
Mergr

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