M&A Deal Summary

Novacap Acquires INdigital

On March 7, 2024, private equity firm Novacap acquired communications company INdigital

Acquisition Highlights
  • This is Novacap’s 4th transaction in the Communications sector.
  • This is Novacap’s 21st transaction in the United States.
  • This is Novacap’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2024-03-07
Target INdigital
Sector Communications
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Houlihan Lokey (Financial)
Dentons (Legal)

Target

INdigital

Fort Wayne, Indiana, United States
INdigital provides Next Generation 9-1-1 services. Since inception INdigital has invested in and built superior 9-1-1 networks and solutions including NG9-1-1, Text for 9-1-1, and the MEVO service continuity platform. INdigital was founded in 1995 and is based in Fort Wayne, Indiana.

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Buyer(S) 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 STATS #
Overall 64 of 65
Sector (Communications) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 34 of 34
State (Indiana) 2 of 2
Country (United States) 21 of 21
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 AGA Benefit Solutions

Westmount , Quebec, Canada

AGA Benefit Solutions develops and administer tailor-made group insurance plans. AGA Benefit Solutions was founded in 1978 and is based in Westmount, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Nuvei

Montreal, Quebec, Canada

Nuvei is a payment technology platform which offers direct connections to all major payment card schemes worldwide, supports 450 local and alternative payment methods and nearly 150 currencies. Nuvei was founded in 2003 and is based in Montreal, Quebec.

Sell $6.3B
Mergr

Product

Company

Legal