Toronto-based ViXS Systems Inc., a semiconductor company which designs and develops high-performance media solutions, has entered into a going-public transaction whereby a subsidiary of ViXS will amalgamate with capital pool company W7 Acquisition Corp. Upon completion of the transaction, W7 shareholders will ultimately receive common shares of the publicly-traded ViXS. ViXS was founded in 2001 with the backing of Celtic House Venture Partners. Its other investors include Export Development Canada, New Enterprise Associates and Novacap.
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Boca Raton, Florida’s Host.net, Inc., a global provider of network infrastructure services focusing on colocation, cloud computing and storage, has been acquired by Novacap Technologies III LP, managed by Canadian private equity firm Novacap, in partnership with the company’s management team. The financial terms of the transaction were not disclosed.
DH Capital said it advised iWeb Group in its recent sale of a majority stake to Novacap. In May, iWeb announced that Novacap had bought a majority of the web hosting firm. The transaction reportedly valued iWeb at roughly $47 million. Novacap is a Canadian VC and PE firm.
Novacap Industries has acquired Idaho Pacific Holdings, a unit of Otter Tail Corp. The deal closed May 6. Financial terms were not announced. Idaho Pacific makes dehydrated potato products that are used in the industrial food and baking industries. Novacap is a Canadian PE firm. News of the sale was disclosed by Harris Williams which advised IPH.
AXA Private Equity SA agreed to acquire a majority stake in Novacap SAS in a transaction that puts the Lyon, France-based chemicals company’s enterprise value at about EUR240 million. The seller is Boston, Mass.-based Bain Capital LLC. The transaction has the support of Novacap’s management team, which is headed by CEO Pierre Luzeau.
(Reuters) – Boston-based private equity firm Bain Capital is set to kick off the sales process for French chemical company Novacap shortly, sources with direct knowledge of the matter told Reuters. According to the company’s website, Novacap has annual sales of around 500 million euros. The business includes soda ash and bicarbonate minerals, phenol and [...]