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Announced

Completed

Government of Canada and BDC led a $117 investment in Indigenous Growth Fund of NACCA.

Financials

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Transaction Value£88m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

Completed

Private

Single Bidder

Minority

social impact fund

National Agency

Private Equity

Friendly

Domestic

Synopsis

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Government of Canada and BDC led a $117 investment in Indigenous Growth Fund of NACCA, with participation from Export Development Canada and Farm Credit Canada. “We are excited to see the IGF become a reality. AFIs know Indigenous entrepreneurs better than anyone; they are close to the Indigenous communities and understand their needs. Alongside NACCA, we are providing through these AFIs financing for a growing number of Indigenous entrepreneurs, reaching into the remote and urban communities where financing is needed,” Michael Denham, BDC President and CEO.

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