NOVACAP MANAGEMENT FINANCIAL SERVICES INC.
NOVACAP MANAGEMENT FINANCIAL SERVICES INC. is a Series C+ and buyout fund in the US and Europe writing $50M–$100M checks into Fintech, Healthcare, industrial, business-services, tmt, industrial-services, technology, media, telecommunications, specialty-insurance, asset-management, wealth-management, alternative-lending, financial-infrastructure and digital-infrastructure.
- Stages
- Series C+, buyout
- Sectors
- Fintech, Healthcare, industrial, business-services, tmt, industrial-services, technology, media, telecommunications, specialty-insurance, asset-management, wealth-management, alternative-lending, financial-infrastructure, digital-infrastructure
- Check size
- $50M–$100M
- Invests in
- US-wide, Europe
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 1981
- Assets under management
- C$10B+
- Website
- novacap.ca
Thesis
Novacap is a North American private equity firm founded in 1981, managing over C$10 billion in AUM. The firm operates with a sector-specific approach through distinct fund families: NVC Buyout Funds (industrial, business services), TMT Funds (technology, media, telecommunications), Life Sciences Funds (healthcare), and a Financial Services Practice (financial services, FinTech). Their strategy primarily involves control buyouts and value-added growth, with a preference for majority buyouts of founder/family-owned businesses. They utilize a hands-on approach, leveraging sector expertise and an in-house operations team for value creation. A 'buy-and-build' strategy is also employed, especially in fragmented markets. For financial services, they target profitable, lower middle-market, tech-enabled, balance sheet-light businesses with EBITDA between $5M-$25M, equity checks of $50M-$100M, and enterprise values of $50M-$350M. Key verticals include specialty insurance, asset/wealth management, alternative lending, and financial infrastructure. Novacap has a track record of over 100 platform investments and more than 250 primary and add-on investments. The firm has offices in Montreal, Toronto, and New York.
Common questions
Does NOVACAP MANAGEMENT FINANCIAL SERVICES INC. invest at the Series C+ stage?
Yes. NOVACAP MANAGEMENT FINANCIAL SERVICES INC. lists Series C+ and buyout among the stages it invests in.
What check size does NOVACAP MANAGEMENT FINANCIAL SERVICES INC. write?
NOVACAP MANAGEMENT FINANCIAL SERVICES INC. writes $50M–$100M checks.
Where does NOVACAP MANAGEMENT FINANCIAL SERVICES INC. invest?
NOVACAP MANAGEMENT FINANCIAL SERVICES INC. invests in the US and Europe.