M&A Deal Summary

Novacap Acquires Spectrum Health Care

On July 15, 2019, private equity firm Novacap acquired healthcare services company Spectrum Health Care

Acquisition Highlights
  • This is Novacap’s 2nd transaction in the Healthcare Services sector.
  • This is Novacap’s 31st transaction in Canada.
  • This is Novacap’s 5th transaction in Ontario.

M&A Deal Summary

Date 2019-07-15
Target Spectrum Health Care
Sector Healthcare Services
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)

Target

Spectrum Health Care

Toronto, Ontario, Canada
Spectrum Health Care is a provider of home health care services, offering a range of health care services which include: nursing, personal and home support, physiotherapy, corporate wellness, non-urgent patient transfer, companionship, and event medical services. Spectrum Health Care was founded in 1977 and is based in Toronto, Ontario.

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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 44 of 66
Sector: Healthcare Services M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 34
State: Ontario M&A 5 of 8
Country: Canada M&A 31 of 43
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-23 GHP Group

Niles, Illinois, United States

GHP Group specializes in developing, distributing, importing, and manufacturing seasonal products for major home centers, retailers, and online retailers, such as BBQs, heaters, fireplaces, and drinking water solutions. GHP Group was founded in 2003 and is based in Niles, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Foliot Furniture

Las Vegas, Nevada, United States

Foliot Furniture provides quality furnishings for the hospitality and educational housing communities. Foliot produces furniture using innovative technologies, and distinctive aesthetics without compromising the strength and durability needed to endure the demands of the contract environment. Foliot Furniture was founded in 1991 and is based in Las Vegas, Nevada.

Buy -