Investment Summary

La Caisse and Novacap Invest In Previan Technologies

On March 30, 2017, asset manager La Caisse and private equity firm Novacap invested in test/measurement equipment company Previan Technologies

Investment Highlights
  • This is La Caisse’s 1st and Novacap’s 1st transaction in the Test/Measurement Equipment sector.
  • This is La Caisse’s 17th and Novacap’s 22nd transaction in Canada.
  • This is La Caisse’s 17th and Novacap’s 20th transaction in Quebec.

Investment Summary

Date 2017-03-30
Target Previan Technologies
Sector Test/Measurement Equipment
Investor(s) La Caisse
Novacap
Deal Type Growth Capital

Target

Previan Technologies

Quebec, Quebec, Canada
Previan Technologies is specialized in the development of equipment and software used to detect cracks, corrosion and other anomalies on different types of structures. Its advanced non-destructive testing (NDT) technologies – meaning no damage is caused to the asset being inspected – are used for the inspection of critical components in industries such as power generation, petrochemicals and aerospace. Previan Technologies was founded in 2009 and is based in Quebec, Quebec.

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Investor(S) 2

Investor

La Caisse

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 90.0B 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 33 of 106
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Growth Capital M&A Deals 12 of 40
State: Quebec M&A 17 of 45
Country: Canada M&A 17 of 48
Year: 2017 M&A 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-17 USI Insurance Services

Valhalla, New York, United States

USI Insurance Services is a provider of a fully integrated distribution of general and specialty property and casualty insurance and financial services such as employee benefits outsourcing and related consulting. USI Insurance Services was founded in 1994 and is based in Valhalla, New York.

Buy $4.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-13 Carestream Dental

Atlanta, Georgia, United States

Carestream Dental provides dental digital product lines and services, including imaging equipment, CAD/CAM systems, software, and practice management solutions, for dental and oral health professionals. Carestream Dental technology captures two billion images annually and aids in more precise diagnoses, improved workflows, and superior patient care. Carestream Dental is based in Atlanta, Georgia.

Buy -
Investor

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor


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 32 of 66
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Growth Capital M&A Deals 10 of 18
State: Quebec M&A 20 of 33
Country: Canada M&A 22 of 43
Year: 2017 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-02 Metro Supply Chain

Montréal, Quebec, Canada

Metro Supply Chain is a provider of third-party logistics (3PL) services across North America and Europe with more than 6,000 associates on the team. It supplies customized services in the consumer-packaged goods, retail, automotive / specialist products, fashion and e-commerce sectors. Metro Supply Chain was founded in 1974 and is based in Montréal, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-23 Mucci Farms

Kingsville, Ontario, Canada

Mucci Farms is a second-generation fruit and vegetable grower. Vertically integrated from seed to retail, the company owns and operates greenhouse and warehouse facilities spanning the continent with a mission to deliver the highest quality of fresh produce in the market through innovation at all levels. Mucci Farms was founded in 2000 and is based in Kingsville, Ontario.

Buy -