Investment Summary

Novacap and Novo Holdings A/S Invest In All West Communications

On January 10, 2024, private equity firm Novacap and corporate investor Novo Holdings A/S invested in communications company All West Communications

Investment Highlights
  • This is Novacap’s 3rd and Novo Holdings A/S’s 1st transaction in the Communications sector.
  • This is Novacap’s 20th and Novo Holdings A/S’s 6th transaction in the United States.
  • This is Novacap’s 1st and Novo Holdings A/S’s 1st transaction in Utah.

Investment Summary

Date 2024-01-10
Target All West Communications
Sector Communications
Investor(s) Novacap
Novo Holdings A/S
Deal Type Growth Capital

Target

All West Communications

Kamas, Utah, United States
All West Communications is a provider of telecommunication services. All West Communications operate a broadband-powered network to deliver services that connect people and businesses to what matters most across town and around the world. All West Communications was founded in 1912 and is based in Kamas, Utah.

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Investor(S) 2

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 62 of 65
Sector (Communications) 3 of 4
Type (Growth Capital) 18 of 18
State (Utah) 1 of 1
Country (United States) 20 of 21
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Harmony Healthcare IT

South Bend, Indiana, United States

Harmony Healthcare IT is a data management firm that moves and stores patient, employee, and business records for healthcare organizations. The company’s mission is to preserve vital information that will improve lives. Harmony Healthcare IT employs experts in data extraction, migration, retention, interoperability, and analytics to provide its clients with trusted solutions. Harmony Healthcare IT was founded in 2006 and is based in South Bend, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 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.

Sell -
DESCRIPTION

Novo Holdings A/S is a Danish holding company and the investment arm of the Novo Nordisk Foundation. Novo Holdings' objective is to grow the assets of the Foundation and improve the lives of people around the world. In addition to investing in equity and fixed income securities, Novo Holdings pursues direct investments in life science companies. Novo Holdings A/S was established in 1999 and is headquartered in Hellerup, Denmark.


DEAL STATS #
Overall 12 of 15
Sector (Communications) 1 of 1
Type (Growth Capital) 1 of 1
State (Utah) 1 of 1
Country (United States) 6 of 7
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 Ellab

Hilleroed, Denmark

Ellab is a manufacturer of solutions for measuring, recording, monitoring, and validating critical parameters of thermal processing. Ellab offers a product range of high-precision systems for temperature, pressure, and humidity monitoring and validation based on either data loggers or thermocouple-based wired instruments. Ellab was founded in 1949 and is based in Hilleroed, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 Catalent

Somerset, New Jersey, United States

Catalent is a provider of solutions for drugs, biologics and consumer health products. Among its core offerings, it develops and manufactures oral and sterile medication in nearly all dosage forms, holds patents for softgel (e.g. “Liqui-Caps” and “Vegicaps”) and Zydis fast-dissolve technologies used in many popular prescription and over-the-counter medicine. Catalent was founded in 2007 and is based in Somerset, New Jersey.

Buy $16.5B