Investment Summary

Novacap and CDPQ Invest In Nuvei

On September 27, 2017, private equity firm Novacap and asset manager CDPQ invested in information technology company Nuvei

Investment Highlights
  • This is Novacap’s 6th and CDPQ’s 2nd transaction in the Information Technology sector.
  • This is Novacap’s 23rd and CDPQ’s 20th transaction in Canada.
  • This is Novacap’s 19th and CDPQ’s 19th transaction in Quebec.
Investment Fate
  • Nuvei was sold to a consortium of financial buyers in 2024 for 6.3B USD.

Investment Summary

Date 2017-09-27
Target Nuvei
Sector Information Technology
Investor(s) Novacap
CDPQ
Deal Type Stake Purchase
Advisor(s) FTP Securities LLC (FT Partners) (Financial)

Target

Nuvei

Montreal, Quebec, Canada
website
Nuvei is a payment technology platform which offers direct connections to all major payment card schemes worldwide, supports 450 local and alternative payment methods and nearly 150 currencies. Nuvei was founded in 2003 and is based in Montreal, Quebec.

Search 195,460 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 33 of 59
Sector (Information Technology) 6 of 10
Type (Stake Purchase) 1 of 1
State (Quebec) 19 of 31
Country (Canada) 23 of 40
Year (2017) 4 of 6
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 Joseph Ribkoff

Dorval, Quebec, Canada

Joseph Ribkoff creates ingenious collections for busy women around the world. Now a fashion pioneer, dictating trends and guiding women and styles, the company continues to innovate to meet the multidimensional needs of today's women. Joseph Ribkoff was founded in 1957 and is based in Dorval, Quebec.

Buy -
Investor

CDPQ

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1965
PE ASSETS 80.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 39 of 101
Sector (Information Technology) 2 of 8
Type (Stake Purchase) 8 of 17
State (Quebec) 19 of 44
Country (Canada) 20 of 47
Year (2017) 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-06 Alvest

Paris, France

Alvest is a group dedicated to the design, manufacture, and distribution of technical products for the aviation industry, which include aviation ground support equipment, spare parts and services, and technical adhesives and markings for the aerospace and industrial markets. Alvest is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Lightspeed

Montreal, Quebec, Canada

Lightspeed is a provider of POS platform for stores and restaurants. the company provides customers with a simple way to build, manage, and grow their retail, restaurant, or eCommerce business, and create a best-in-class customer experience. Its end-to-end solutions unify inventory, customer management, sales, and analytics across all channels, in-store, and online. Lightspeed was founded in 2005 and is based in Montreal, Quebec.

Buy -