M&A Deal Summary

Novacap Acquires LGI Healthcare Solutions

On December 2, 2020, private equity firm Novacap acquired information technology company LGI Healthcare Solutions from GI Partners

Acquisition Highlights
  • This is Novacap’s 8th transaction in the Information Technology sector.
  • This is Novacap’s 36th transaction in Canada.
  • This is Novacap’s 30th transaction in Quebec.

M&A Deal Summary

Date 2020-12-02
Target LGI Healthcare Solutions
Sector Information Technology
Buyer(s) Novacap
Sellers(s) GI Partners
Deal Type Secondary Buyout

Target

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.

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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 50 of 65
Sector (Information Technology) 8 of 11
Type (Secondary Buyout) 6 of 9
State (Quebec) 30 of 33
Country (Canada) 36 of 43
Year (2020) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-12 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.

Buy -

Seller(S) 1

SELLER

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 42.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.


DEAL STATS #
Overall 21 of 24
Sector (Information Technology) 4 of 4
Type (Secondary Buyout) 8 of 9
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Valet Living

Tampa, Florida, United States

Valet Living is a provider of doorstep collection and recycling services, and also full-service amenities provider to the multifamily industry. Valet Living was founded in 1995 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 ORBCOMM

Sterling, Virginia, United States

ORBCOMM is a wireless data communications company, provides machine-to-machine communication solutions. ORBCOMM was founded in 2001 and is based in Sterling, Virginia.

Buy $1.1B