Investment Summary

Novacap Invests In Bestar

On July 20, 2017, private equity firm Novacap invested in furniture company Bestar

Investment Highlights
  • This is Novacap’s 1st transaction in the Furniture sector.
  • This is Novacap’s 22nd transaction in Canada.
  • This is Novacap’s 18th transaction in Quebec.

Investment Summary

Date 2017-07-20
Target Bestar
Sector Furniture
Investor(s) Novacap
Deal Type Growth Capital

Target

Bestar

Lac-Mégantic, Quebec, Canada
website
Bestar is a designer, manufacturer and distributor of ready-to-assemble furnishings that meet the needs of consumers in terms of quality, design and functionality. Bestar was founded in 1948 and is based in Lac-Mégantic, Quebec.

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Investor(S) 1

Investor

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 32 of 59
Sector (Furniture) 1 of 2
Type (Growth Capital) 11 of 15
State (Quebec) 18 of 31
Country (Canada) 22 of 40
Year (2017) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Chemical Computing Group

Montreal, Quebec, Canada

Chemical Computing Group is a provider of molecular design software for the pharmaceutical, chemical and material industries. CCG’s software platform, the Molecular Operating Environment (“MOE”), streamlines drug discovery and chemical engineering processes by allowing researchers to visualize and predict molecular properties and interactions. Chemical Computing Group was founded in 1994 and is based in Montreal, Quebec.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 Host.net

Richardson, Texas, United States

Host.net is a multinational provider of managed infrastructure services focusing on colocation, cloud computing and storage, along with network transport and transit for enterprise organizations. The company operates multiple enterprise-class data centers connected to an extensive fiber-optic backbone delivering Internet, Host.net was founded in 2001 and is based in Richardson, Texas.

Sell -