Novacap Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Novacap has acquired 6 companies. It has also invested in 4 others.

Novacap’s most common sectors for investment areinformation technology (16%) and manufacturing (9%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (53%) and growth capital (27%). In total, Novacap has invested in 11 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2011 when it acquired Idaho Pacific Crop. for $87M.

In the last 3 years, Novacap has exited 6 companies. The Firm’s most common exit type is trade sale (44%). Novacap’s largest (disclosed) exit occurred in 2023 when it sold Horizon Telcom for $385M.

Join Mergr to view Novacap’s full profile and discover more mega-sized private equity firm investors just like it.

M&A Summary

  • M&A Total Activity82
    • M&A Buy Activity57
    • M&A Sell Activity25
  • Total Sectors Invested 26
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 26
  • M&A Advisors 12

Novacap

3400, rue de l’Eclipse, Bureau 700,
Brossard, Quebec J4Z 0P3
Canada
(450) 651-5000
www.novacap.ca
info@novacap.ca

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.


Investment Criteria

Sectors of Interest: Building Materials, Business Services, Communications, Distribution, Food, Healthcare Services, Leisure, Manufacturing, Media, Medical Products, Packaging, Plastics, Safety/Security, Semiconductors, Software, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization

Geographic Preferences: Canada

Transaction Criteria Min Max
Target Revenue 30 500
Target EBITDA - -
Investment Size - -
Enterprise Value 30 300
values in millions of CAD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.0/yr) # 42 5 7 1 2 - 57
vol $87M $87M
Sell (2.0/yr) # 15 4 - 4 2 - 25
vol $265M $52M $539M $856M
  82

Most Recent M&A

Company Date Value Type
Optiom, Inc. 2023-11-27 154M GBP Trade Sale
Calgary, Alberta · www.optiom.com
Horizon Telcom, Inc. 2023-10-24 385M USD Trade Sale
Columbus, Ohio · www.horizonconnects.com
Cadent LLC 2023-08-09 - Secondary Buyout
New York, New York · www.cadent.tv
7Hops.com, Inc. 2023-04-04 - Growth Capital
New York, New York · www.static.com
Ratehub, Inc. 2022-07-14 - Growth Capital
Toronto, Ontario · www.ratehub.ca
Hallcon Corp. 2022-07-05 - Secondary Sale
Chicago, Illinois · www.hallconcorp.com
Greenwood Mushrooms Development Corp. 2022-06-29 - Secondary Sale
Ashburn, Ontario · www.windmillfarms.ca
Mucci International Marketing, Inc. 2022-06-03 - Trade Sale
Kingsville, Ontario · www.muccifarms.com
Noble Foods Nutrition, Inc. 2022-04-12 - Trade Sale
Pointe-Claire, Quebec · www.noblefoods.com
Stratus Networks 2021-10-21 - Buyout (LBO, MBO, MBI)
Peoria Heights, Illinois · www.stratusnet.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Globe Electric Company Inc. 2021-05-12 HeathCo LLC 2021-11-10 1
Montreal, Quebec · www.globe-electric.com Bowling Green, Kentucky · www.heath-zenith.com
Previan Technologies, Inc. 2021-03-31 Zetec, Inc. 2021-08-10 4
Québec, Quebec · www.eddyfi-ndt.com Snoqualmie, Washington · www.zetec.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 5 (17%) - 9 (16%) -
Manufacturing 3 (10%) - 5 (9%) -
Consumer Products 2 (7%) - 4 (7%) -
Food - - 3 (5%) 87M (100%)
Healthcare Services 2 (7%) - 3 (5%) -
Insurance 2 (7%) - 3 (5%) -
Software - - 3 (5%) -
Transportation 1 (3%) - 3 (5%) -
Agriculture - - 2 (4%) -
Business Services 2 (7%) - 2 (4%) -
Communications 1 (3%) - 2 (4%) -
Distribution 1 (3%) - 2 (4%) -
Furniture 2 (7%) - 2 (4%) -
Media 2 (7%) - 2 (4%) -
Apparel/Textiles 1 (3%) - 1 (2%) -
Digital Media 1 (3%) - 1 (2%) -
E-Commerce 1 (3%) - 1 (2%) -
Electrical Equipment 1 (3%) - 1 (2%) -
Energy Services and Equipment - - 1 (2%) -
Financial Services 1 (3%) - 1 (2%) -
Internet Software and Services - - 1 (2%) -
Machinery 1 (3%) - 1 (2%) -
Packaging 1 (3%) - 1 (2%) -
Plastics - - 1 (2%) -
Retail - - 1 (2%) -
Technology Hardware - - 1 (2%) -
Total 30 - 57 $87M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Canada 21 (70%) - 39 (68%) -
  Quebec 17 (57%) - 30 (53%) -
  Ontario 3 (10%) - 6 (11%) -
  Alberta 1 (3%) - 3 (5%) -
United States 9 (30%) - 17 (30%) 87M (100%)
  New York 3 (10%) - 4 (7%) -
  Illinois 2 (7%) - 3 (5%) -
  Ohio 1 (3%) - 2 (4%) -
  Nevada 1 (3%) - 1 (2%) -
  Minnesota 1 (3%) - 1 (2%) -
  Michigan 1 (3%) - 1 (2%) -
  Idaho - - 1 (2%) 87M (100%)
  Wisconsin - - 1 (2%) -
  Texas - - 1 (2%) -
  Maine - - 1 (2%) -
  California - - 1 (2%) -
France - - 1 (2%) -
  Ontario - - 1 (2%) -
Domestic 21 (70%) - 39 (68%) -
Cross-border 9 (30%) - 18 (32%) 87M (100%)
Total 30 - 57 $87M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 16 (53%) - 30 (53%) -
Growth Capital 6 (20%) - 15 (26%) -
Secondary Buyout 4 (13%) - 7 (12%) -
Stake Purchase 2 (7%) - 2 (4%) -
Divestiture - - 1 (2%) 87M (100%)
Add-on Acquisition 1 (3%) - 1 (2%) -
Venture 1 (3%) - 1 (2%) -
Total 30 - 57 $87M

Exits by Deal Type

Type Total # Value
Secondary Sale 11 (44%) -
Trade Sale - Public Company 7 (28%) 856M (100%)
Trade Sale 5 (20%) -
Merger 1 (4%) -
Recapitalization 1 (4%) -
Total 25 $856M

Top M&A Advisors

Financial Deals
National Bank Financial
2
Ernst & Young Capital Advisors LLC
1
GMP Securities LP
1
Legal Deals
McCarthy Tétrault LLP
2
Fasken Martineau DuMoulin LLP
2
McMillan
1

Deal Values

buy # Total
< $100M 1 $87M
TOTAL $87M
Largest Idaho Pacific Crop.
$87M (2011-05-06)
sell # Total
$100M to $1B 4 $804M
< $100M 1 $52M
TOTAL $856M
Largest Horizon Telcom, Inc.
$385M (2023-10-24)

M&A Connections

Deals
Acquired from
Investor(s)
14%
8 (14%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
40%
10 (40%)
Strategic(s)
52%
13 (52%)

FAQ

When was Novacap founded?

Novacap was founded in 1981.

What type of investor is Novacap?

Novacap is a private equity firm.

Where is Novacap headquartered?

Novacap is headquartered in Brossard, Quebec.

How much capital does Novacap have under management?

Novacap has 8.0B CAD under management.

 Subscribe to unlock this and 199,698
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 191K M&A Transactions
  • 195K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.