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Announced

Completed

Novacap, Fonds de solidarité FTQ and Fondaction completed the acquisition of a majority stake in Globe Electric.

Financials

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

Tags

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Domestic

Friendly

Majority

Canada

Private

Single Bidder

Acquisition

electrical appliance

Electrical Components

Private Equity

lighting solutions

Completed

Synopsis

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Investment firms Novacap, Fonds de solidarité FTQ and Fondaction completed the acquisition of a majority stake in Globe Electric, a Montreal-based company specializing in the design, development, manufacturing, and marketing of innovative consumer lighting and electrical products. Financial terms were not disclosed. "Globe Electric is a great Canadian success story, and we are thrilled to be a part of its next chapter. Novacap has always been a champion of ambitious owner-entrepreneurs in Quebec, and Globe Electric has embodied that spirit for almost a century," Michel Côté, Novacap Senior Partner.

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