Buyout (LBO, MBO, MBI) • Insurance

Novacap Acquires Revau

On September 15, 2020, private equity firm Novacap acquired insurance company Revau

Acquisition Context
  • This is Novacap’s 2nd transaction in the Insurance sector.
  • This is Novacap’s 34th transaction in Canada.
  • This is Novacap’s 28th transaction in Quebec.

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M&A Deal Summary

Date September 15, 2020
Target Revau
Sector Insurance
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Revau

Terrebonne, Quebec, Canada
Revau is a MGA servicing the specialized insurance needs of brokers and customers. The company provides underwriting services for complex insurance policies on behalf of Canadian insurance carriers, international insurance carriers, and Lloyd's of London insurance syndicates. Revau was founded in 1993 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 48 of 67
Sector: Insurance 2 of 3
Type: Buyout (LBO, MBO, MBI) 28 of 35
State: Quebec 28 of 33
Country: Canada 34 of 44
Year: 2020 3 of 5
PREVIOUS 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 -
FOLLOWING 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 -