Investment Summary

Fonds de solidarite FTQ, BDC Capital and Investissement Quebec Invest In NuChem Sciences

On August 17, 2021, growth capital firm Fonds de solidarite FTQ, growth capital firm BDC Capital and Investissement Quebec invested in life science company NuChem Sciences

Investment Highlights
  • This is Fonds de solidarite FTQ’s 1st, BDC Capital’s 2nd and Investissement Quebec’s 1st transaction in the Life Science sector.
  • This is Fonds de solidarite FTQ’s 5th, BDC Capital’s 20th and Investissement Quebec’s 3rd transaction in Canada.
  • This is Fonds de solidarite FTQ’s 5th, BDC Capital’s 11th and Investissement Quebec’s 3rd transaction in Quebec.
Investment Fate
  • NuChem Sciences was sold to a strategic buyer in 2023.

Investment Summary

Date 2021-08-17
Target NuChem Sciences
Sector Life Science
Investor(s) Fonds de solidarite FTQ
BDC Capital
Investissement Quebec
Deal Type Acquisition Financing

Target

NuChem Sciences

Saint-Laurent, Quebec, Canada
NuChem Sciences offers a variety of services to support international biotech and pharmaceutical industries in their efforts to identify and optimize pre-clinical candidates in the area of small molecule drug discovery and early development. NuChem Sciences was formed in 2011 and is based in Saint-Laurent, Quebec.

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Investor(S) 3

DESCRIPTION

Fonds de solidarité FTQ is a growth-oriented investor network and provider of funds focused on investing in and supporting small to mid-sized businesses throughout Quebec. The Firm looks will consider businesses in all sectors and seeks to be a long-term partner. Fonds de solidarité FTQ was founded in 1983 and is based in Montreal, Quebec.


DEAL STATS #
Overall 5 of 7
Sector: Life Science M&A 1 of 1
Type: Acquisition Financing M&A Deals 1 of 1
State: Quebec M&A 5 of 7
Country: Canada M&A 5 of 7
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 Canam Group - Canadian Operations

Quebec, Canada

Canam Group's Canadian Operations specializes in designing integrated solutions and fabricating customized products for the Canadian construction industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-24 Andy Corp

Lachine, Quebec, Canada

Andy Corp provides tailor-made supply chain services to transform customer needs into business opportunities all while integrating services that add value and simplify the customer experience. Andy Corp was formed in 2001 and is based in Lachine, Quebec.

Buy -
DESCRIPTION

BDC Capital is the direct investment arm of financial services firm BDC. BDC Capital looks to invest in and provide financing to venture and growth-stage Canadian companies. The Firm's growth-stage investment unit looks to commit $3 to $35 million for minority positions in mid-market companies focused on growth. The Group does not have any sector preferences but does prefer to invest in profitable companies. BDC Capital is headquartered in Montreal.


DEAL STATS #
Overall 22 of 35
Sector: Life Science M&A 2 of 3
Type: Acquisition Financing M&A Deals 1 of 1
State: Quebec M&A 11 of 15
Country: Canada M&A 20 of 33
Year: 2021 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 Firmex

Toronto, Ontario, France

Firmex is a virtual data room provider that has helped to drive the virtual data room marketplace with its SaaS secure document sharing platform to global financial institutions, law firms, and governments. Firmex’s secure and intuitive SaaS solution allows for the sharing of large volumes of confidential documents and mission-critical undertakings, including financial transactions, litigation, and compliance across a range of industries. Firmex was founded in 2006 and is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 TeraXion

Québec, Quebec, Canada

TeraXion is a manufacturer of innovative photonic components that incorporate fiber Bragg gratings, low noise lasers, and integrated photonics. Its unique expertise and its ability to develop and transform technology into leading-edge products make it a prime partner for its clients: key companies in light and heavy manufacturing, telecommunications, medical equipment, aerospace, and defense. TeraXion was founded in 2000 and is based in Quebec City.

Sell $159M
Investor

Investissement Quebec

Montreal,, Quebec, Canada

Category Company
Founded 1998
Sector Financial Services
DESCRIPTION

Investissement Quebec invests in several areas including forest products, mining, energy, environment, etc.


DEAL STATS #
Overall 3 of 7
Sector: Life Science M&A 1 of 1
Type: Acquisition Financing M&A Deals 2 of 2
State: Quebec M&A 3 of 7
Country: Canada M&A 3 of 7
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 Liberty Spring

Montmagny, Quebec, Canada

Liberty Spring is a precision spring manufacturer offering services to the automobile and recreational product industries. Liberty Spring is a Canadian company established in 1986 with its headquarters in Montmagny, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Lou-Tec

Monteal, Quebec, Canada

Lou-Tec is involved in the rental of heavy machinery, specialized equipment, and tools used in construction, renovation, and maintenance of commercial, industrial, institutional, and residential buildings. Due to strong growth and being at the forefront of trends in the industry, the company continuously invests in new equipment and new technologies to offer its customers reliable, safe, and efficient equipment. Its rental experts are highly qualified and are committed to providing personalized and impeccable service. Lou-Tec was founded in 1979 and is based in Monteal, Quebec.

Buy -