M&A Deal Summary

Nova Vida Capital Acquires ModernWorks

On June 1, 2025, private equity firm Nova Vida Capital acquired communications company ModernWorks

Acquisition Highlights
  • This is Nova Vida Capital’s 1st transaction in the Communications sector.
  • This is Nova Vida Capital’s 2nd transaction in Canada.
  • This is Nova Vida Capital’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2025-06-01
Target ModernWorks
Sector Communications
Buyer(s) Nova Vida Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

ModernWorks

Kitchener, Ontario, Canada
ModernWorks is a provider of enterprise-grade voice solutions to small and medium-sized businesses at affordable prices. ModernWorks is based in Kitchener, Ontario.

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Buyer(S) 1

DESCRIPTION

Nova Vida Capital is an investment fund focused on stable companies in ownership or management transition. Nova Vida considers businesses in Canada with annual EBITDA of up to $2 million, with recurring and growing revenue and limited customer concentration. The Firm invests in a variety of industries including distribution, ecommerce, engineering, software, clean energy and manufacturing. Nova Vida Capital was founded in 2020 and is based in Toronto, Ontario.


DEAL STATS #
Overall 2 of 2
Sector: Communications M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 Ti Foods

Markham, Ontario, Canada

Ti Foods is a sales, marketing and distribution company of Asian foods in Canada. The company's business spans coast to coast with customers in the retail and foodservice channels. Ti Foods was formed in 1985 and is based in Markham, Ontario.

Buy -