M&A Deal Summary

Internap Network Services Acquires iWeb

On October 30, 2013, Internap Network Services acquired information technology company iWeb from Novacap for 145M USD

Acquisition Highlights
  • This is Internap Network Services’ 3rd transaction in the Information Technology sector.
  • This is Internap Network Services’ largest (disclosed) transaction.
  • This is Internap Network Services’ 1st transaction in Canada.
  • This is Internap Network Services’ 1st transaction in Quebec.
Investment Fate
  • iWeb was divested to a consortium of strategic buyers in 2021.

M&A Deal Summary

Date 2013-10-30
Target iWeb
Sector Information Technology
Buyer(s) Internap Network Services
Sellers(s) Novacap
Deal Type Add-on Acquisition
Deal Value 145M USD
Advisor(s) The Bank Street Group LLC (Financial)

Target

iWeb

Montreal, Quebec, Canada
website
iWeb is a provider of Internet hosting solutions and IT infrastructure, with its shared web hosting as well as its dedicated servers and co-location services. iWeb was formed in 1996 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Internap Network Services

Reston, Virginia, United States

website


Category Company
Sector Information Technology
Employees640
Revenue 292M USD (2019)
DESCRIPTION

Internap Network Services provides high-performance IT infrastructure services that enable our customers to focus on their core business, improve service levels and lower the cost of IT operations. Our colocation, connectivity and managed hosting solutions are differentiated by unparalleled levels of performance, availability and support. Internap Network Services is based in Reston, Virginia.


DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-03 Voxel Dot Net

New York, New York, United States

Voxel Dot Net, Inc. provides hybrid scalable hosting solutions using cutting-edge hosting technology, including the VoxCAST Global CDN delivery, instantly available physical and virtual servers via VoxCLOUD, full API access and wide access tools, with the expertise of 10+ years of managed hosting services.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-29 SingleHop

Chicago, Illinois, United States

SingleHop is a dedicated and cloud hosting provider that offers highly scalable, on-demand infrastructure services to both end-users and resellers primarily under monthly contracts. With clients in 114 countries, two Chicago-area data centers, and over 10,000 servers online, SingleHop delivers state-of-the-art hardware, server management customization and Infrastructure-as-a-Service.

Buy $132M

Seller(S) 1

SELLER

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 4 of 27
Sector (Information Technology) 1 of 5
Type (Add-on Acquisition) 2 of 11
State (Quebec) 3 of 12
Country (Canada) 3 of 17
Year (2013) 3 of 3
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-29 Creaform

Levis, Quebec, Canada

Creaform is a world-class and innovative technological company offering 3D digital solutions. Creaform combines every 3D process and technology with innovative solutions that can cover the entire range of 3D needs: 3D scanning, reverse engineering, inspection, styling, design, analysis, digital manufacturing and medical applications.

Sell $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 GTI Group

Lachine, Quebec, Canada

GTI Group offers integrated transport solutions encompassing heavy haul and over dimensional land transportation, specialty storage & handling, and international logistics and freight forwarding services. GTI Group was founded in 1992 and is based in Lachine, Quebec.

Buy -