British secondaries firm Nova Capital Management has recapitalized Nova Argent Canada Inc, the company through which it acquired Canada’s National Concrete Accessories (NCA) and Exchanger Industries. NCA, a manufacturer of forming hardware and concrete accessories, and Exchanger Industries, a manufacturer of heat transfer equipment, were acquired by Nova from Amalgamated Metal Corp PLC in 2011. Lincoln International LLC advised on the new financing package. In April, NCA bought Red Deer, Alberta-based Northland Construction Supplies.
Lincoln International LLC advises Nova Capital Management on the recapitalization of its portfolio company, Nova Argent Canada
CHICAGO, June 22, 2015 /PRNewswire/ — Lincoln International LLC (“Lincoln”), a leading global mid-market investment bank, announced today the successful completion of a financing for Nova Argent Canada, Inc. (“Argent” or the “Company”), a portfolio company of Nova Capital Management (“Nova”). Argent is a borrowing group consisting of National Concrete Accessories (“NCA”) and Exchanger Industries (“Exchanger”). NCA is Canada’s leading manufacturer and distributor of forming hardware and concrete accessories, and Exchanger designs and manufactures heat transfer equipment for the global oil, natural gas and petrochemical industries.
Lincoln advised on an undisclosed amount of senior secured debt financing provided by HSBC to complete NCA’s acquisition of Northland Construction Supplies, as well as repay existing indebtedness, support strategic growth plans and fund ongoing working capital requirements.
As Nova’s exclusive financial advisor, Lincoln International worked closely with Nova and Argent’s management team to structure, arrange and negotiate the financing. Kathryn Jones, Partner of Nova, commented, “Lincoln helped us secure a favorable financing package, providing us with the flexibility to integrate an accretive acquisition and run our businesses for growth. We are very pleased with the outcome and appreciated the market knowledge and transaction support Lincoln provided to the situation.”
About National Concrete Accessories
Based in Toronto, Ontario, NCA is Canada’s leading manufacturer and distributor of concrete accessories. With 19 branches across Canada, including manufacturing plants in Toronto and Edmonton, NCA is a one-stop shop for concrete form hardware, accessories and construction products. Specializing in product variety, quality and superior service, NCA distributes a complete line of construction and restoration products, including tools and equipment, decorative concrete and building envelope products. For more information, please visit www.nca.ca.
About Exchanger Industries
Based in Calgary, Alberta, Exchanger is a top designer and manufacturer of worldwide custom heat transfer equipment for the global oil, natural gas and petrochemical industries. Since its incorporation in 1961, Exchanger has grown extensively to be recognized as a world leader in thermal heat transfer technology and one of the largest manufacturers of heat exchangers in Canada. For more information, please visit www.exchangerindustries.com.
About Nova Capital Management
Established in 2002, Nova is a pioneer of portfolio buy-outs, specializing in acquiring multiple businesses in a single transaction. Nova currently manages a diverse group of portfolios representing a transactional value of more than $1.7 billion. With a 20+ strong team of financiers and business executives, Nova currently manages investments in over 25 businesses primarily operating in North America, Europe and Asia, across a broad range of sectors. It has offices in London, Chicago and Toronto. For more information, please visit www.nova-cap.com.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
Media Contact: Kelly Neroda
SOURCE Lincoln International LLC
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