M&A Deal Summary

Nova Capital Management Acquires Exchanger Industries

On August 9, 2011, secondary investor Nova Capital Management acquired machinery company Exchanger Industries

Acquisition Highlights
  • This is Nova Capital Management’s 1st transaction in the Machinery sector.
  • This is Nova Capital Management’s 2nd transaction in Canada.
  • This is Nova Capital Management’s 1st transaction in Alberta.

M&A Deal Summary
Date 2011-08-09
Target Exchanger Industries
Sector Machinery
Buyer(s) Nova Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Exchanger Industries

Calgary, Alberta, Canada
Exchanger Industries designs and manufactures heat transfer equipment for the global oil, natural gas, and petrochemical industries. Exchanger Industries was founded in 1961 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Nova Capital Management

London, United Kingdom

Investor Investor Investor Investor Investor

Category Secondary Investor
Founded 2002
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Nova Capital Management Limited is a private equity firm that highly focuses on corporate and private equity portfolios companies located in the UK, US and Europe. The firm looks to Invest in companies with a enterprise value of £ 50 – 500 million. Areas of interest include engineering & manufacturing, healthcare & pharmaceuticals, services & distribution, technology and media & telecoms. Nova Capital Management Limited is formed in 2002 and is based in London.

DEAL STATS #
Overall 26 of 42
Sector (Machinery) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 16 of 20
State (Alberta) 1 of 1
Country (Canada) 2 of 3
Year (2011) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 MeetingZone

Thame, United Kingdom

MeetingZone Ltd. is an independent conferencing services provider and offers customers high performance, personalised Unified Communications, Web and Audio Conferencing services.

Sell £39M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-11 Wilkinson Steel & Metals

Vancouver, British Columbia, Canada

Wilkinson Steel & Metals, Inc. is a distributor of steel and metal products for customers in Western Canada.

Buy -
Mergr

Product

Company

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