Investment Summary

Novacap Invests In Static Media

On April 4, 2023, private equity firm Novacap invested in digital media company Static Media

Investment Highlights
  • This is Novacap’s 1st transaction in the Digital Media sector.
  • This is Novacap’s 16th transaction in the United States.
  • This is Novacap’s 3rd transaction in New York.

Investment Summary
Date 2023-04-04
Target Static Media
Sector Digital Media
Investor(s) Novacap
Deal Type Growth Capital
Advisor(s) Moelis & Co. (Financial)
Lowenstein Sandler (Legal)

Target

Static Media

New York, New York, United States
Static Media owns and operates a portfolio of unique and passion-driven digital media brands providing content in food, lifestyle as well as media and entertainment. Static Media was founded in 2012 and is based in New York City.

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Investor(S) 1

Investor

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 58 of 65
Sector (Digital Media) 1 of 1
Type (Growth Capital) 16 of 18
State (New York) 3 of 4
Country (United States) 16 of 21
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 Ratehub

Toronto, Ontario, Canada

Ratehub is an online financial platform for consumer education, financial transparency, and online shopping for financial products. Ratehub was founded in 2010 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-09 Cadent

New York, New York, United States

Cadent is a media services company that aggregates local cable television advertising inventory for resale to national advertisers. Cadent was founded in 2007 and is based in New York, New York.

Buy -
Mergr

Product

Company

Legal