M&A Deal Summary

Novacap Acquires FortNine

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2020-08-06
Target FortNine
Sector E-Commerce
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Davies Ward Phillips & Vineberg (Legal)

Target

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.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 46 of 65
Sector (E-Commerce) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 26 of 34
State (Quebec) 27 of 33
Country (Canada) 32 of 43
Year (2020) 2 of 6
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.

Sell -
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.

Buy -
Mergr

Product

Company

Legal