Investment Summary

Novacap and Ardian Invest In Syntax

On July 6, 2016, private equity firms Novacap and Ardian invested in information technology company Syntax

Investment Highlights
  • This is Novacap’s 5th and Ardian’s 12th transaction in the Information Technology sector.
  • This is Novacap’s 19th and Ardian’s 2nd transaction in Canada.
  • This is Novacap’s 17th and Ardian’s 1st transaction in Quebec.

Investment Summary
Date 2016-07-06
Target Syntax
Sector Information Technology
Investor(s) Novacap
Ardian
Deal Type Growth Capital
Advisor(s) MVP Capital LLC (Financial)

Target

Syntax

Montreal, Quebec, Canada
website
Syntax is a provider of tech solutions for businesses in North America. Syntax has been providing comprehensive technology solutions to businesses of all sizes throughout North America. Syntax delivers the best combination of software, infrastructure, and cloud solutions to meet the needs of its diverse range of customers. Syntax partners include Oracle, IBM and other world-class technology leaders. Syntax was founded in 1972 and is based in Montreal, Quebec.

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Investor(S) 2

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 28 of 59
Sector (Information Technology) 5 of 10
Type (Growth Capital) 8 of 15
State (Quebec) 17 of 31
Country (Canada) 19 of 40
Year (2016) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-02 Intelerad

Montreal, Quebec, Canada

Intelerad is a medical imaging software provider that specializes in diagnostic viewing, reporting, and collaboration solutions. Intelerad was founded in 1999 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 Oxford Networks

Lewiston, Maine, United States

Oxford Networks is a provider of end-to-end technology solutions for companies in New England and beyond. Oxford Networks services and products include: Data Center Services, Managed IT Services, Voice, Internet, and Carrier Services. Oxford Networks was founded in 1876 and is based in Lewiston, Maine.

Sell -
Investor

Ardian

Paris, France

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 271 of 417
Sector (Information Technology) 12 of 24
Type (Growth Capital) 40 of 64
State (Quebec) 1 of 2
Country (Canada) 2 of 4
Year (2016) 20 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-06 Envision Pharma

Horsham, United Kingdom

Envision Pharma is a global technology and scientific communication company serving the pharmaceutical, biotechnology, and medical device companies. Envision has grown steadily under consistent leadership across its three core business areas that include scientific solutions – strategic publication planning and related data dissemination services, technology Solutions – design, development, implementation, and support of innovative and strategic management software for life sciences clients including publication planning and management (DatavisionTM), clearance approval (dvClear), and activity request management (Visiontracker) and professional consulting solutions policy, process, compliance and guideline consultancy to life-science companies. Envision Pharma was founded in 2001 and is based in Horsham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-08 Dedalus

Florence, Italy

Dedalus is a health software provider that develops and distributes software systems for general practitioners and primary care pediatricians in the health care industry. Dedalus was formed in 1990 and is based in Florence, Italy.

Buy -
Mergr

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