Novacap, a Canadian private equity firm, completed the acquisition of a stake in AGA Financial Group, an employee benefits advisory firm. Financial terms were not disclosed. "AGA has built a first-class franchise that combines passionate experts with a culture of innovation. This is a unique attribute in any business, and it is what fascinated us from the very beginning of our conversations. It speaks to the strength of the Novacap platform that we have been able to attract such a renowned group of partners in Martin, Chantal, and Gabriel," Marcel Larochelle, Novacap Financial Services Managing Partner.