Novacap Buys Idaho Pacific Holdings

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 To Buy Novacap from Bain Capital

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.

Bain to sell off Novacap

(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 […]

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