Investment Summary

Novacap Invests In Cofomo

On June 1, 2021, private equity firm Novacap invested in information technology company Cofomo

Investment Highlights
  • This is Novacap’s 8th transaction in the Information Technology sector.
  • This is Novacap’s 38th transaction in Canada.
  • This is Novacap’s 32nd transaction in Quebec.

Investment Summary
Date 2021-06-01
Target Cofomo
Sector Information Technology
Investor(s) Novacap
Deal Type Growth Capital

Target

Cofomo

Montreal, Quebec, Canada
Cofomo provides IT services to large blue-chip and public sector customers. Cofomo was founded in 1995 and is based in Montreal, Quebec.

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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 52 of 65
Sector (Information Technology) 8 of 9
Type (Growth Capital) 13 of 18
State (Quebec) 32 of 33
Country (Canada) 38 of 43
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-12 Globe Suite

Montreal, Quebec, Canada

Globe Suite is a provider of lighting solutions, electrical products, and smart home systems. Coined the Creative Energy Company, Globe Suite is committed to continuous R&D, delivering the best quality products, and leaving a positive impact on the lives of consumers. Globe Suite was founded in 1932 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Canada Diagnostic Centres

Calgary, Alberta, Canada

Canada Diagnostic Centres is a provider of medical imaging services at 17 community-based clinics. Canada Diagnostic Centres was founded in 1993 and is based in Calgary, Alberta.

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Mergr

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