Novacap and Vintage Funds Acquire Controlling Interest in Syntax Systems Group
October 13, 2021
Novacap's TMT VI Fund together with a continuation vehicle led by the Vintage Funds within Goldman Sachs Asset Management acquired a controlling interest in Montreal-based Syntax Systems Group Inc. from Novacap TMT IV, Novacap TMT V and other shareholders. The transaction is a continuation/recapitalization intended to provide capital to support Syntax's organic growth and ongoing M&A strategy; Credit Suisse assisted with the private offering of the continuation vehicle.
- Buyers
- Novacap (TMT VI Fund), Continuation vehicle (lead investor: Vintage Funds / Goldman Sachs Asset Management)
- Targets
- Syntax Systems Group Inc.
- Sellers
- Novacap TMT IV, Novacap TMT V, Other shareholders
- Industry
- IT Services
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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