Nouvelles et évènements

News

GROUPASSUR EXPANDS OFFERING WITH THE ACQUISITION OF EAGLE UNDERWRITING

October 26, 2021

MONTRÉAL, Canada, October 26th , 2021 – GroupAssur, a Canadian Managing General Agent ("MGA") specializing in Property and Casualty ("P&C") insurance lines, today announced the acquisition of Eagle Underwriting (“Eagle”), an independent managing agent who has been writing insurance for “Things That Move”, delivering superior products, underwriting expertise, and first class claims service to brokers and their clients in Canada and the United States. Novacap, one of Canada's leading private equity firms who has owned majority interest in GroupAssur since 2020, is pleased to see GroupAssur act on its objectives to enhance its offering and expand its footprint beyond Canadian borders.


STRATUS TO JOIN FORCES WITH NOVACAP TO FURTHER ACCELERATE GROWTH

October 21, 2021

MONTREAL, QC – October 21st, 2021, Novacap, a leading North American private equity firm, announced today that it has entered into a definitive agreement to acquire Stratus Networks ("Stratus").  The transaction is expected to close in the last quarter of 2021, following the satisfaction of customary closing conditions, including required regulatory approvals. Headquartered in Peoria, Illinois, Stratus is a leading provider of fiber-optic bandwidth infrastructure services. Founded by Co-CEOs John Petrakis and Kevin Morgan in 1998, Stratus has grown to become a leading data and voice networking services provider for enterprises with a full suite of products including data, cloud and voice solutions.


NOVACAP COMPLETES FIRST MAJOR CONTINUATION VEHICLE TRANSACTION IN CANADA

October 13, 2021

Novacap, a leading North American private equity firm, today announced that it has successfully closed the first major private equity continuation vehicle in Canada. Novacap’s TMT VI Fund and the continuation vehicle, whose lead investor is the Vintage Funds within Goldman Sachs Asset Management, acquired a controlling interest in Montreal-based Syntax Systems Group Inc. (Syntax) from Novacap TMT IV and Novacap TMT V, along with other shareholders. Credit Suisse assisted in the private offering of the continuation vehicle.


AGA Benefit Solutions acquires PPI Benefits, expands nationwide

October 05, 2021

AGA Benefit Solutions, in partnership with Novacap, is pleased to announce the acquisition of PPI Benefits, including its subsidiaries Agile Benefits and BenefitsMyWay. PPI Benefits was a subsidiary of PPI, a leading national insurance marketing organization and subsidiary of iA Financial Group.

 


NOVACAP ANNOUNCES FINAL CLOSING OF CANADA’S FIRST PE FUND SPECIALIZING IN THE FINANCIAL SERVICES INDUSTRY

September 30, 2021

MONTREAL, QC, September 30th, 2021 - Novacap, a leading North American private equity firm, today announced the final closing of the firm’s very first fund dedicated entirely to financial services. The fund raised an astounding C$417 million from institutional investors, family offices and high net worth investors.  Trans-Canada Capital, one of the country’s leading investment management firms, acted as the lead investor.



Wagner Bujold Leduc Benefits+Actuarial (WBL) and AGA Benefit Solutions join forces

September 09, 2021

Wagner Bujold Leduc Benefits+Actuarial (WBL), a Quebec City company specializing in group insurance and actuarial services, and AGA Benefit Solutions, the Quebec leader in the development and administration of customized group insurance plans, are joining forces. The new group will be capitalizing on WBL's in-depth brokerage and analysis experience combined with AGA's exclusive and innovative products and services to develop new markets across Canada.



Eddyfi/NDT enters into an agreement to acquire Zetec from Roper Technologies

August 10, 2021

Québec, Canada, August 10, 2021 — Eddyfi/NDT announces today that it has entered into a definitive agreement to acquire Zetec, a subsidiary of Roper Technologies, Inc.
(NYSE: ROP). The transaction is expected to close at the end of the year and is subject to customary closing conditions and approvals.


Novacap Acquires Majority Interest in Canadian Outdoor Living Supplier, Multy Home

July 13, 2021

MONTREAL, Canada, July 13, 2021 – Novacap, one of Canada's leading private equity firms, today announced it has acquired a controlling interest in Multy Home, an Ontario-based global manufacturer of outdoor living and functional flooring products for the home and commercial spaces. With a clear vision for the future of Multy Home, Novacap intends to leverage the brand’s unique approach to sustainable development as a means to elevate the company’s comprehensive portfolio of innovative products, further positioning Multy Home as an industry leader and expanding its global footprint.