M&A Deal Summary

Novacap Acquires Globe Suite

On May 12, 2021, private equity firm Novacap acquired electrical equipment company Globe Suite

Acquisition Highlights
  • This is Novacap’s 1st transaction in the Electrical Equipment sector.
  • This is Novacap’s 37th transaction in Canada.
  • This is Novacap’s 31st transaction in Quebec.

M&A Deal Summary
Date 2021-05-12
Target Globe Suite
Sector Electrical Equipment
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Houlihan Lokey (Financial)
Stikeman Elliott
Spiegel Sohmer (Legal)

Target

Globe Suite

Montreal, Quebec, Canada
Globe Suite is a provider of lighting solutions, electrical products, and smart home systems. Coined the Creative Energy Company, Globe Suite is committed to continuous R&D, delivering the best quality products, and leaving a positive impact on the lives of consumers. Globe Suite was founded in 1932 and is based in Montreal, Quebec.

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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 51 of 65
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 30 of 34
State (Quebec) 31 of 33
Country (Canada) 37 of 43
Year (2021) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 LGI Healthcare Solutions

Montreal, Quebec, Canada

LGI Healthcare Solutions deploys information systems that span the clinical, operational, and business needs of complex healthcare organizations. LGI Healthcare Solutions was founded in 1982 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Cofomo

Montreal, Quebec, Canada

Cofomo provides IT services to large blue-chip and public sector customers. Cofomo was founded in 1995 and is based in Montreal, Quebec.

Buy -
Mergr

Product

Company

Legal