Novacap is the first private equity firm in Canada to launch a fund dedicated to financial services.

MONTREAL, December 3, 2019 - Novacap, one of Canada's leading private equity firms, announced the introduction of a new sector fund and its first closing. Novacap Financial Services I (the "Fund") gathered initial commitments of C$260 million, a strong start toward its target of C$500 million. A second group of institutional investors is expected to close in Q1 2020.

(no English version available) Un article rédigé par Jean-Philippe Décarie de La Presse

Après avoir réalisé plus de 130 investissements dans des entreprises québécoises industrielles et de technologies au cours des 30 dernières années, voilà que la société de placement privé Novacap se lance dans la consolidation et le soutien à la croissance de firmes du secteur financier en créant un Fonds services financiers.

Novacap announced the final closing of Novacap Industries V, L.P. on C$940 million of total third-party capital commitments, exceeding its original target and hard cap due to oversubscribed demand and strong support from its investors. The Fund invests in companies with strong growth potential in the industrial and manufacturing sectors as well as in service and distribution in the North American middle market. 

MONTREAL, November 21, 2019 - Novacap, one of Canada’s leading private equity firms, announced it closed its latest private equity fund, Novacap Industries V (the “Fund”), at its hard cap with total commitments of C$940 million. The Fund surpassed its target size by nearly 45%, driven by strong demand from new and existing investors.

TORONTO, November 21, 2019 – The Private Equity Summit Awards honour individuals and firms who established exemplary achievement in personal and organizational development, client service, and success in private equity. The awards ceremony took place last night in Toronto.

BROSSARD, QC, November 5, 2019 - Novacap, one of Canada's leading private equity firms and Foliot Furniture, a leader in the design and manufacture of quality furnishings for the hospitality and educational housing sectors, announced today their partnership. Novacap has acquired a majority stake in this Quebec-based company, alongside the current management team and the Fonds de solidarité FTQ. Foliot Furniture's mission is to provide exceptional service to its customers while creating a harmonious environment for employees and the surrounding community. Novacap intends to pursue the company's growth and support the management team in its development opportunities.

MONTREAL, September 9, 2019 - Mr. Pascal Tremblay, President and Managing Partner, NOVACAP, is pleased to announce the appointment of Mr. Eric Desrosiers, as Senior Partner, NOVACAP. Mr. Desrosiers will join the TMT team.

Nuvei, one of Novacap’s portfolio companies, executes SafeCharge’s acquisition for US $889 million

MONTREAL, August 14, 2019 - Novacap, one of Canada's leading private equity firms, is proud to announce that its portfolio company Nuvei, a Montreal-based payment technology company, has completed the acquisition of SafeCharge International Group Limited for US $889 million. SafeCharge provides global omni-channel payments services from card acquiring and issuing to payment processing and checkout, all underpinned by advanced risk management solutions. Its fully featured proprietary payment platform connects directly to all major payment card schemes including Visa, Mastercard, American Express and UnionPay International, as well as over 150 local payment methods.

TORONTO, July 15, 2019 – Novacap, a leading Canadian private equity firm, today announced it is acquiring a majority interest in Spectrum Health Care, a top provider of innovative home health care services in Ontario, investing alongside Spectrum’s existing management team. Spectrum offers a range of client-centred health care solutions which include home care nursing, personal and home support, physiotherapy, foot care and corporate wellness. Their motto “Always with you”, is a testament to their dedication to provide clients with exceptional health services that are personalized, flexible, accountable and reliable. Novacap plans to continue to invest in the company’s growth and help it expand throughout Ontario.  Novacap sees tremendous growth potential in Spectrum and will work with management to strengthen Spectrum’s position as a market leader in Home Care in Ontario. 

MONTREAL, May 13, 2019 – Novacap, one of Canada’s leading private equity firms, is proud to announce that its portfolio company GTI Transport Solutions Inc. (“GTI”), a leading provider of open-deck, specialized and over-dimensional freight services has completed the acquisition of Jetco, a Houston-based transporter offering flatbed, heavy-haul, intermodal, logistics, and specialized loads in the Texas region and across the United States. This acquisition allows GTI to establish a strong operational platform in the United States, which will provide GTI with the ability to further strengthen and widen its offering to its customers throughout North America.

Photo courtesy of GTI Group/Dominic Dulude

Montreal, February 11, 2018 – GTI Transport Solution Inc (“GTI”), a leading provider of open-deck, specialized and over-dimensional freight services, a Novacap-backed company, announces it is acquiring Precision Specialized Division Inc. (PSD), a division of Precision Truck Lines Inc. Located in Woodbridge, Ontario, PSD is a leader of open-deck and heavy haul transportation in the province. All employee positions at the division, including management roles, will be maintained. GTI plans to invest in the company’s growing operations by expanding into new markets. This will begin with all operations moving to Brantford, Ontario and a unified name change to Precision Specialized Inc (“PSI”).