Novacap Financial Services successfully closed its first continuation vehicle.
Novacap announced that its Financial Services team had completed its first-ever continuation vehicle (the fourth for Novacap) in Revau, a leading managing general agent in Canada.
This initiative is supported by a group of investors including Northleaf Capital Partners, EDC, the Fonds de solidarité FTQ and Manulife Investment Management.
With this additional capital, Novacap plans to develop its specialized insurance offerings, leverage AI and seize opportunities in the U.S. market, while offering tailored solutions to brokers, carriers and insureds in North America.
Fasken advised Revau on this transaction with a team consisting of Kiran Singh, Alexandra Freedman, Aurélie Ménard, Carolina Fusco (paralegal), Cathie Jones (paralegal), Martin Racicot, Svetlana Samochkine, Marwan El-Sayegh and Marilie Gagné.
Jurisdiction
- Québec
