On October 5th 2020, Novacap Financial Services, a leading Canadian private equity firm, announced that it acquired a majority of the issued and outstanding voting shares in AG Financial Group Inc, one of Québec’s leading employee benefits advisory firms and third-party administrators of group insurance and retirement plans.
Novacap Financial Services is the first Canadian private equity firm to launch a fund dedicated to investing in financial services business. This partnership with AGA is Novacap’s third investment made using this dedicated fund.
A Fasken team composed of Alexandra Freedman, Antoine Aylwin, Carolina Fusco, Cristel Chabot-Lapointe, Élaine Laberge-Poirier, Felicia Jin, Jack Yu, Jane Wu, Jean-Philippe Mikus, Koker Christensen, Martin Racicot, Marwan El-Sayegh, Michel Boislard, Rhonda Grintuch, Simar Anand, and William Deneault-Rouillard acted for Novacap Financial Services in connection with this acquisition.
Jurisdiction
- Québec
