Novacap acquires a major stake in Nitrex Metal

On September 14, 2015, Novacap, one of Canada’s leading private equity firms, announced its acquisition of a major stake in Nitrex Metal Inc. Headquartered in Montreal and employing over 300 people, Nitrex Metal Inc. has grown over 30 years into a thriving global business offering modern nitriding technologies, equipment and services to hundreds of blue chip customers in the automotive, aerospace and industrial sectors. Since its inception in 1984, the Company has developed an international presence and has recently been pursuing further market penetration in Mexico, China, Japan and the United States through significant capital investments in these regions. Novacap’s investment will assist Nitrex Metal Inc. in focusing on key initiatives to accelerate its growth, including funding operational enhancements, investments in key regions with high potential for strategic acquisitions, and continued investments in R&D to maintain its market-leading position in technology solutions. Fasken Martineau acted as counsel to Novacap, with a team led by Michel Boislard and including Kiran Singh and Alexandra Lazar (M&A), Martin Racicot, Francis Trifiro, Svetlana Samochkine and Margarita Altankova (banking), Pierre-Olivier Charlebois and Jean-Philippe Therriault (environment), Jean-Philippe Mikus and Paul Gagnon (IP).