Novacap

Novacap

A venture capital and private equity firm investing in industrial, technology, media, and telecommunication companies.

Novacap is a venture capital and private equity firm investing in industrial, technology, media, and telecommunication companies that is headquartered in Longueuil, Quebec and was founded in 1981 by Marc Beauchamp.

Notable investments made by Novacap include: Spectrum Health Care, Horizon, Mailhot Industries, Noble Foods, Leading Edge Geomatics, Bestar, Kingsdown, Mucci Farms, FirstLight, Firmex, Windmill Farms, Dialogic, Oxford Networks, Master, SynergX, iWeb, Creaform, Stingray, Tenrox, Adrien Gagnon, Royal Mat, Seaway Networks, Snoc, Novax Modular Group, and RCR International.

Investment funds
TMT V

On July 20, 2017 Novacap announced raising $840 million in capital for making investments in companies with revenues between $30 million and $300 million. The TMT V fund exceeded its initial fundraising target by 40%. The president and managing partner of Novacap, Pascal Tramblay, made the following statement regarding the TMT V fund:

We are delighted by the support we have received from our existing long-term investors and welcome several new international investors to the Fund. he closing of the Fund comes at a period of significant activity for Novacap, both in terms of new investments and add-on acquisitions. TMT V will continue to execute Novacap's core strategy of investing in established mid-sized TMT companies in Canada and the United States.

Timeline

1981
Novacap was founded.

Funded Companies

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Description
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Nuvei

A financial technology company offering a payment solution platform.

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News

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Date
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Description
Meagan Simpson
March 10, 2021
BetaKit
Montréal-based Nuvei has released its financial results for the fourth quarter and full fiscal year ended December 31, 2020.
Meagan Simpson
February 17, 2021
BetaKit
Leading Canadian private equity firm Novacap has closed its latest fund with $1.865 billion USD. This marks the largest fund to date for the firm.
Novacap Management Inc.
February 17, 2021
www.prnewswire.com:443
/PRNewswire/ - Novacap, one of Canada's leading private equity firms, announced today the closing of Novacap TMT VI ("TMT VI" or "the Fund") at US$1.865...
Novacap Management Inc.
December 2, 2020
www.prnewswire.com:443
/PRNewswire/ - Novacap, one of Canada's leading private equity firms, in partnership with Investissement Québec, today announced that it has acquired Logibec,...
Meagan Simpson
November 11, 2020
BetaKit
Montréal payment solutions company Nuvei saw a quarter of growth as it went public, increasing revenue by 32 percent YoY for the third quarter of 2020.

References

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