On December 2, 2020, Novacap, one of Canada’s leading private equity firms, in partnership with Investissement Québec, announced that it has acquired Logibec, one of Canada's largest healthcare technology companies.
This acquisition brings Logibec back to Canadian ownership and positions them for expansion outside of North America. Novacap will support management’s growth initiatives and contribute to improve healthcare by bringing innovative solutions to the market.
This acquisition was commented by Pierre Fitzgibbon, Minister of the Economy and Innovation. He stated that the investment provided by Investissement Québec “is strategic for Québec's position in this highly competitive sector. It will enable the company to remain among the leaders in information systems for the health and social services sector.”
A Fasken team composed of Michel Boislard, Cristel Chabot-Lapointe, Simon Bisson, Alexandra Freedman, Gemma Caprio, Martin Racicot, Svetlana Samochkine, Marwan El-Sayegh, Jean-Philippe Mikus, Jane Wu and Amy Tang , represented Novacap in connection with this transaction.