Secondary Buyout • Business Services

Novacap Acquires Accurate Group

On September 7, 2021, private equity firm Novacap acquired business services company Accurate Group from ABS Capital Partners

Acquisition Context
  • This is Novacap’s 2nd transaction in the Business Services sector.
  • This is Novacap’s 14th transaction in the United States.
  • This is Novacap’s 2nd transaction in Ohio.

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M&A Deal Summary

Date September 7, 2021
Target Accurate Group
Sector Business Services
Buyer(s) Novacap
Sellers(s) ABS Capital Partners
Deal Type Secondary Buyout

Target Company

Accurate Group

Independence, Ohio, United States
Accurate Group is a national full-service title agency providing title insurance and settlement services. Settlement services include property valuation, appraisal services, basic flood zone certification, title services, closing, and escrow services. Accurate allows its clients to reduce expenses, improve capacity management, mitigate risk, and significantly reduce processing time. Accurate leverages its technology to make the settlement service process more efficient than ever before. Accurate Group was founded in 2004 and is based in Independence, Ohio.
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Buyer Overview 1

Buyer

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 Context for Buyer #
Overall 55 of 67
Sector: Business Services 2 of 3
Type: Secondary Buyout 7 of 9
State: Ohio 2 of 2
Country: United States 14 of 22
Year: 2021 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Multy Home

Vaughan, Ontario, Canada

Multy Home is a global manufacturer of outdoor living and functional flooring products for the home and commercial spaces. Multy Home was founded in 1983 and is based in Vaughan, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 Stratus Networks

Peoria Heights, Illinois, United States

Stratus Networks is a provider of fiber-optic bandwidth infrastructure services. Stratus Networks is a provider of data and voice networking services for businesses with a full range of products including data, cloud, and voice solutions. Stratus Networks was founded in 1999 and is based in Peoria Heights, Illinois.

Buy -

Seller Profile 1

SELLER

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $25 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.


Deal Context for Seller #
Overall 68 of 72
Sector: Business Services 9 of 9
Type: Secondary Buyout 12 of 12
State: Ohio 2 of 2
Country: United States 67 of 71
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Apptopia

Boston, Massachusetts, United States

Apptopia is a provider of real-time competitive intelligence software. Apptopia enables brands to analyze critical signals on their competitors across mobile apps and connected devices. Apptopia was formed in 2011 and is headquartered in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 Fluxx

San Francisco, California, United States

Fluxx is a collaborative grantmaking platform for private and public organizations that amplifies impact in global communities. Fluxx was formed in 2010 and is based in San Francisco, California.

Buy -