Buyout (LBO, MBO, MBI) • E-Commerce

Novacap Acquires FortNine

On August 6, 2020, private equity firm Novacap acquired e-commerce company FortNine

Acquisition Context
  • This is Novacap’s 1st transaction in the E-Commerce sector.
  • This is Novacap’s 32nd transaction in Canada.
  • This is Novacap’s 27th transaction in Quebec.

Explore All 127 Buyout (LBO, MBO, MBI) E-Commerce Deals - Search the Database Free


M&A Deal Summary

Date August 6, 2020
Target FortNine
Sector E-Commerce
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Davies Ward Phillips & Vineberg (Legal)

Target Company

FortNine

Montreal, Quebec, Canada
FortNine is an e-commerce platform for motorcycle, dirt bike, ATV, snowmobile and other powersports gear, accessories and parts. FortNine was founded in 2009 and is based in Montreal, Quebec.
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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 46 of 67
Sector: E-Commerce 1 of 1
Type: Buyout (LBO, MBO, MBI) 26 of 35
State: Quebec 27 of 33
Country: Canada 32 of 44
Year: 2020 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 PKWARE

Milwaukee, Wisconsin, United States

PKWAR is a provider of encryption and compression software, offering data security solutions incorporating data discovery, classification, and protection in automated, policy-driven workflows. PKWARE was founded in 1986 and is based in Milwaukee, Wisconsin.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 Optiom

Calgary, Alberta, Canada

Optiom is a specialty insurance managing general underwriter ("MGU") and provider of vehicle replacement coverage. Optiom takes pride in a strong reputation for providing professional and dependable administration of specialty vehicle replacement insurance and guarantee programs across Canada. Optiom is based in Calgary, Alberta.

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