Investment Summary

Novacap Invests In Ratehub

On July 14, 2022, private equity firm Novacap invested in financial services company Ratehub

Investment Highlights
  • This is Novacap’s 2nd transaction in the Financial Services sector.
  • This is Novacap’s 41st transaction in Canada.
  • This is Novacap’s 7th transaction in Ontario.

Investment Summary
Date 2022-07-14
Target Ratehub
Sector Financial Services
Investor(s) Novacap
Deal Type Growth Capital
Advisor(s) Evercore Group (Financial)
Osler (Legal)

Target

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.

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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 57 of 65
Sector (Financial Services) 2 of 3
Type (Growth Capital) 15 of 18
State (Ontario) 7 of 8
Country (Canada) 41 of 43
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-05 Hallcon

Chicago, Illinois, United States

Hallcon is a provider of mission-critical transportation services and infrastructure for a broad range of customers including railroads, universities, airports, hospitals and healthcare systems, public transit, technology, industrial companies, and other large employers seeking custom transportation solutions. Hallcon was founded in 1946 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 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.

Buy -
Mergr

Product

Company

Legal