M&A Deal Summary

Novacap Acquires Oxford Networks

On June 12, 2014, private equity firm Novacap acquired information technology company Oxford Networks

Acquisition Highlights
  • This is Novacap’s 3rd transaction in the Information Technology sector.
  • This is Novacap’s 7th transaction in the United States.
  • This is Novacap’s 1st transaction in Maine.
Investment Fate
  • Oxford Networks was sold to a consortium of financial buyers in 2016.
  • Oxford Networks merged with another company in 2017.

M&A Deal Summary

Date 2014-06-12
Target Oxford Networks
Sector Information Technology
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)

Target

Oxford Networks

Lewiston, Maine, United States
Oxford Networks is a provider of end-to-end technology solutions for companies in New England and beyond. Oxford Networks services and products include: Data Center Services, Managed IT Services, Voice, Internet, and Carrier Services. Oxford Networks was founded in 1876 and is based in Lewiston, Maine.

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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 22 of 66
Sector: Information Technology M&A 3 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 34
State: Maine M&A 1 of 1
Country: United States M&A 7 of 22
Year: 2014 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 Master

Boucherville, Quebec, Canada

Master is an independent HVAC-R distributor in Eastern Canada. Company is a distributor of heating, ventilation, air conditioning and refrigeration products. Master was founded in 1952 and is based in Boucherville, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-24 Dialogic

Milpitas, California, United States

Dialogic is an IT services company that supercharges the impact of applications and amplifies the capacity of congested networks. Dialogic was founded in 1983 and is based in Milpitas, California.

Buy -