NOVACAP sells Fibrenoire to Vidéotron, after generating substantial value on their initial investment
January 07, 2016
Montreal, January 7, 2016 – NOVACAP, one of Canada's leading private equity firms, is pleased to announce it has reached an agreement with Videotron, a subsidiary of Quebecor, for the sale of Fibrenoire for a total consideration of $125 million. Fibrenoire is a leading fibre optic connectivity services provider for businesses in Quebec and Ontario.