Investment Summary

Novacap and CDPQ Invest In Previan

On February 5, 2020, private equity firm Novacap and asset manager CDPQ invested in information technology company Previan

Investment Highlights
  • This is Novacap’s 7th and CDPQ’s 4th transaction in the Information Technology sector.
  • This is Novacap’s 31st and CDPQ’s 30th transaction in Canada.
  • This is Novacap’s 26th and CDPQ’s 28th transaction in Quebec.

Investment Summary

Date 2020-02-05
Target Previan
Sector Information Technology
Investor(s) Novacap
CDPQ
Deal Type Growth Capital

Target

Previan

Quebec, Quebec, Canada
Previan is an operator of a private industrial technology group focused on advanced diagnostic technologies to monitor the world’s infrastructure health. The Group serves asset owners, large engineering firms, and service companies globally in markets such as Aerospace, Civil Infrastructure, Energy, Mining, Power Generation, and Rail. Previan was founded in 2009 and is based in Quebec City.

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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 45 of 65
Sector (Information Technology) 7 of 11
Type (Growth Capital) 12 of 18
State (Quebec) 26 of 33
Country (Canada) 31 of 43
Year (2020) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-23 Intelerad

Montreal, Quebec, Canada

Intelerad is a medical imaging software provider that specializes in diagnostic viewing, reporting, and collaboration solutions. Intelerad was founded in 1999 and is based in Montreal, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 PKWARE

Milwaukee, Wisconsin, United States

PKWAR is a provider of encryption and compression software, offering data security solutions incorporating data discovery, classification, and protection in automated, policy-driven workflows. PKWARE was founded in 1986 and is based in Milwaukee, Wisconsin.

Sell -
Investor

CDPQ

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 80.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 67 of 101
Sector (Information Technology) 4 of 8
Type (Growth Capital) 28 of 40
State (Quebec) 28 of 44
Country (Canada) 30 of 47
Year (2020) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 Canam Group - Canadian Operations

Quebec, Canada

Canam Group's Canadian Operations specializes in designing integrated solutions and fabricating customized products for the Canadian construction industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-12 Plenary Americas

Los Angeles, California, United States

Plenary Americas is an investor, developer, and operator of public infrastructure in North America. The company specialized developer of long-term partnership projects, with a project portfolio of nearly CAD$20 billion across both Canada and the United States, including 36 projects in the health, transportation, defense, justice, education, and government accommodation sectors. Plenary Americas is based in Los Angeles, California.

Buy -