Canada Diagnostic Centres Expands National Footprint with Strategic Acquisitions of Guardian Radiology and The Ultrasound Centre
Montreal and Calgary, February 14th, 2023 – Canada Diagnostic Centres (CDC), a leading provider of medical imaging services, announces the strategic acquisitions of both Guardian Radiology and The Ultrasound Centre (TUC). This move expands CDC’s presence in Saskatchewan while reinforcing its standing in Alberta and British Columbia. The acquisition of TUC follows CDC’s successful partnership with Guardian Radiology, demonstrating the company’s unwavering commitment to providing high-quality care to a wider population of Canadians. “With these partnerships established, we are poised to broaden our outreach and provide world-class healthcare services to even more communities throughout Western Canada,” stated Dr. Robert Davies, CEO of CDC. “We are thrilled to work with the talented teams from TUC and Guardian to deliver the best possible care for our patients.”
“Our collaboration with The Ultrasound Centre and Guardian Radiology has allowed us to elevate our commitment to providing exceptional patient care. The collective expertise of our team members has resulted in a more comprehensive and patient-focused approach to medical imaging services,” added Dr. Casey Young, Chief Development Officer of CDC. “The Ultrasound Center is excited to join the CDC family, a leader in medical imaging services,” said Nadine Kanigan, CEO of TUC. “This partnership provides our team with new opportunities to continue delivering exceptional care to patients in Saskatchewan and beyond.”
“With Novacap as our partner, we have found the perfect match to accelerate the growth of CDC and make radiology services accessible to more Canadians while building a great place to work and practice. The acquisitions of Guardian Radiology and The Ultrasound Centre mark a new chapter in CDC’s journey to provide unparalleled care to patients and communities across Western Canada.” – Lorne Paperny, founder and President at CDC. “Novacap is proud to support the continued growth and expansion of CDC. The recent transactions serve as a testament to this commitment, further solidifying CDC’s position as the premier provider of radiology services in Western Canada,” said Marc Paiement, senior partner at Novacap.

Canada Diagnostic Centres Expands National Footprint with Strategic Acquisitions of Guardian Radiology and The Ultrasound Centre

Novacap completes investment in Canada’s largest online marketplace for financial services Ratehub.ca
MONTREAL, July 14th, 2022 – Novacap, a leading North American private equity firm, announced today that it has entered a partnership with Ratehub.ca, a Toronto-based online financial marketplace that provides Canadians with price comparisons on financial products like mortgages, credit cards, insurance products and more. Ratehub.ca also offers Canadians access to in-house mortgage, auto insurance and home insurance brokers. This transaction marks the fifth platform acquisition of Novacap’s first financial services fund. Founded in 2010 by Alyssa Furtado and James Laird, Ratehub.ca is Canada’s leading platform for consumer education, financial transparency and online shopping for financial products. Ratehub.ca’s educational platform, Moneysense.ca, is Canada’s leading resource for financial education content. Together, the two platforms attract more than 19 million users per year. “Ratehub.ca’s aim is to provide users with a transparent and frictionless shopping process, matching individual customer needs with the most suitable products and service providers. With the Novacap team on board, we can build on our momentum and accelerate our growth, both organically and through acquisitions,” said, James Laird Co-Chief Executive Officer of Ratehub.ca. “I am excited about the potential this new partnership opens up for our employees and customers. Our commitment is to provide the best decision-making tools and products to help users make better financial decisions. This partnership is an important step for Ratehub.ca and the next step solidifying Ratehub.ca’s position in the financial technology industry.” said Alyssa Furtado, Co-Chief Executive Officer of Ratehub.ca. ‘’When Alyssa and James launched Ratehub.ca, they identified an underserved market, pioneered a new business model and created an impressive brand. Today, Ratehub.ca is helping millions of Canadians achieve their financial goals, paving the way for home ownership and other important projects by providing access to credit and financial solutions in a simple, cost-effective and user-friendly manner,’’ said Marcel Larochelle, Managing Partner of Novacap. ‘’ We are a natural fit, sharing the same entrepreneurial spirit and passion for implementing innovative solutions.”
“In light of increasing mortgage rates, following the Bank of Canada’s recent rate hikes, Ratehub.ca is well positioned to continue helping households through the renewal process, as well as with new home purchases” said Rajiv Bahl, Senior Partner at Novacap. “We look forward to working with the management team to expand the reach and customer base of Ratehub.ca. “
Evercore acted as financial advisor, and Osler, Hoskin & Harcourt LLP acted as legal advisor to Ratehub.ca
McCarthy Tétrault LLP acted as legal counsel to Novacap.

Novacap completes investment in Canada’s largest online marketplace for financial services Ratehub.ca

Novacap Announces Sale of Greenwood Mushrooms Development Corp. to Instar Asset Management Inc
Novacap, through its investment in the company in May 2016, backed Greenwood to become a leading North American mushroom producer. Over the course of their partnership, Greenwood has expanded its Manchester farm, and almost doubled its production. The company’s operational excellence is conducive to its continued growth, Instar’s investment will support the further expansion of Greenwood’s facilities to meet growing customer demand. National Bank Financial (lead) and Rabobank acted as financial advisors to Greenwood, and Stikeman Elliott acted as legal advisor.

Novacap Announces Sale of Greenwood Mushrooms Development Corp. to Instar Asset Management Inc

Novacap Recognized by Preqin and HEC Dow Jones for Exceptional Performance
”We are very pleased that Novacap has received this double recognition from HEC-Dow Jones and Preqin. Our results attest to the excellent work of our teams as well as the quality of our partnerships with our portfolio companies,” said Pascal Tremblay, President and CEO, Managing Partner at Novacap. ”At the same time, we remain committed to delivering exceptional results to our LPs.”
HEC Paris – Dow Jones has ranked Novacap as one of the world’s top performing middle market private equity firms following a review of 517 private equity firms and 991 funds raised between 2008 and 2017, which raised aggregate equity volume of $1.5tr
Preqin has ranked Novacap TMT V as one the best performing private equity funds by net IRR for the 2013 – 2018 vintages in its recent study that examined the performance of funds around the world.

Novacap Recognized by Preqin and HEC Dow Jones for Exceptional Performance

As we usher in Women’s History Month, and in honor of International Women’s Day, Novacap is extremely proud to announce the launch of its Women in Finance bursary. This initiative represents a commitment of 200,000$ over five years to create scholarships for women pursuing undergraduate programs in finance. ”Today, we are launching our first initiative in a positive chain of influence aimed at making our industry more equitable and inclusive. Novacap is proud to take a leadership position in addressing the underrepresentation of women in the private equity industry,” said Pascal Tremblay, President and CEO, Managing Partner at Novacap. ”These investments are representative of our focus on advancing our Diversity, Equity and Inclusion priorities at every stage of a candidate’s career path.”
Novacap will offer recipients the opportunity to attend paid internship programs and access to mentoring as they progress through the program. Five-thousand-dollar scholarships will be granted to students across several Canadian universities, including Université de Sherbrooke, Concordia University, McGill University and HEC Montréal. Additional universities across Canada are expected to join the program later this year. Overall, the recipients will be students who have demonstrated a commitment to education, an interest in finance, and in particular an interest in pursuing a career in private equity. “As I reflect on the current landscape, I am not only concerned about the lack of representation of women in private equity but also about the sense of marginalization that has been expressed and documented by women in our field,” said Jacques Foisy, Chairman of the Board & Managing Partner at Novacap. “It is a priority for all of us at Novacap to work on concrete, actionable approaches that pave the way for women to enter, compete and succeed in our industry.”
‘’The CVCA’s 2021 State of Diversity and Inclusion report revealed that work remains to be done to make the venture capital and private equity industries truly inclusive and equitable,” said Kim Furlong, CEO of the CVCA. ‘’I am extremely pleased with Novacap’s initiative and hope that it will encourage others to think about the role we all have to play in empowering women, building diverse teams, and creating inclusive environments.’’
”I am proud to lead this initiative at Novacap. It has been shown time and time again that organizations with diverse talent perform better than their non-diverse counterparts, especially in areas such as innovation, profitability and employee retention,” said Heather Shantora, Principal at Novacap. ”Beyond the financial aid, I will work with my colleagues to ensure that women receive the mentorship and guidance that will inspire them to pursue a career in private equity. This is an important first step to changing the industry.”

Novacap Announces the Creation of the Women In Finance Bursary

Azelis (EBR: AZE) is a distributor of specialty chemicals and ingredients. The company provides a range of products and services such as application services, international supply chains, and sampling services. It caters its services to home and industrial cleaning, pharmaceutical and healthcare, agricultural, electronics, chemical, oilfield, and other sectors. The company was founded in 2001 and is based in Antwerp, Belgium.

Azelis

This new agreement reinforces Azelis ' partnership with Seqens , which is already established in the personal care segment , and the addition of acyl chlorides , used in the production of cosmetic active ingredients and perfumes , perfectly complements Azelis ' lateral value chain .

Azelis : expands its Fine Chemical offerings with Seqens Advanced Cosmetics

Stingray (TSX: RAY.A; RAY.B) provides business-to-business multi-platform music and in-store media solutions internationally. The company's services include audio television channels, radio licences, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps.

Stingray

SurfactGreen develops cationic, anionic or non-ionic surfactants from various sources of natural raw materials with a green chemistry process.

SurfactGreen

ChemSpec is a chemical distributor company. The company offers accelerators, antioxidants, process aids, plasticizers, paraffin waxes, PE waxes, polyethylene glycol, chlorinated paraffin, zinc oxide, silane coupling agents, coupling agents, curing agents, blowing agents, cosmetic ingredients, polymers, fillers, and molecular sieve. It is based in Uniontown, Ohio.

ChemSpec

Bestar designs, manufactures, and distributes ready-to-assemble furnishings.

Bestar

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Acq - Fin - IV

SEQENS specializes in pharmaceutical synthesis and specialty ingredients. It develops tailor-made solutions and ingredients for various industries, including healthcare, electronics, cosmetics, food, and home care. The company was founded in 2003 and is based in Ecully, France.

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SEQENS

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