Novacap

Novacap

Invests in controlling mid-market buyouts

Overview

Novacap is a North American private equity firm that buys controlling stakes in mid-market companies and grows them through operational improvements and add-on acquisitions. It raises funds and earns management fees on assets under management and carried interest on successful exits. Its investments are organized around four pillars—Technology, Media, and Telecommunications; Industries; Financial Services; and Digital Infrastructure—covering sectors like specialty insurance, wealth management, food processing, industrial manufacturing, and fiber connectivity. With offices in Montreal, Toronto, and New York, Novacap acts as an active partner to entrepreneurs, aiming to build North American leaders and create long-term value for investors.

About Novacap

Simplify's Rating
Why Novacap is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Industrial & Manufacturing

Financial Services

Company Size

N/A

Company Stage

N/A

Total Funding

$281.4M

Headquarters

Longueuil, Canada

Founded

1981

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Simplify's Take

What believers are saying

  • Tech Fund VII closed at $3.8 billion USD in February 2026, exceeding $2.75 billion target.
  • $1 billion Digital Infrastructure Fund closed January 2025, targeting edge computing and fiber expansion.
  • Financial Services II fund launched February 2025 exploits specialty insurance consolidation opportunities.

What critics are saying

  • Thoma Bravo outbids Novacap on TMT software, halving platform investments within 6-12 months.
  • Nuvei underperforms post-2021 exit, delaying Tech Fund VIII by 6+ months.
  • Caisse cuts Novacap allocations by 15-25%, plateauing $12B AUM in 18-24 months.

What makes Novacap unique

  • Novacap specializes in mid-market buyouts across TMT, Industries, Financial Services, and Digital Infrastructure since 2007.
  • Firm executes three platform investments yearly with $300 million average checks for tech buyouts.
  • Over 150 add-on acquisitions transform local firms into North American leaders using operational expertise.

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Funding

Total Funding

$281.4M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Flexible Work Hours

Remote Work Options

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

Wellness Program

Mental Health Support

Phone/Internet Stipend

Home Office Stipend

Company News

Yahoo Finance
Sep 24th, 2025
IAS Acquired by Private Equity Firm Novacap for $1.9B

IAS has been acquired by Canadian private equity group Novacap in a deal worth $1.9 billion.

PE Hub
Sep 4th, 2025
Novacap Completes Revau Deal

Novacap has completed a continuation vehicle deal for Revau.

PYMNTS
Mar 13th, 2025
Wave Of Fintech Dealmaking Spotlights Appeal Of Embedded Finance And Rewards

Within the FinTech space, a surge in dealmaking over the past few months is taking shape as macro factors set the stage for mergers, acquisitions and go-private deals. The cost of capital is high, and the uncertainty of consumer demand and the Federal Reserve’s path on interest rates linger. Going private helps firms escape the volatility of public markets as issuing stock or debt is no sure way to shore up balance sheets and shares routinely swing by double-digit percentages day by day

BetaKit
Jan 23rd, 2025
Private Equity Firm Novacap Raises More Than $1-Billion Usd For First Digital Infrastructure Fund

Novacap CEO says digital infrastructure will remain in high demand due to growth of AI

PE Hub
Dec 10th, 2024
Novacap invests in expansion of Consilium Insurance | PE Hub

Consilium Insurance is a Canadian property and casualty insurance company specializing in commercial and personal insurance solutions.

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