Novacap Takes Stake in AGA Benefit Solutions

Novacap Invests in Consilium Insurance

December 9, 2024

Insurance

Novacap, a North American private equity firm, has announced a partnership investment in Consilium Insurance, a Montreal-based property & casualty insurance brokerage founded in 2013. The investment makes Consilium the seventh platform company in Novacap's Financial Services I fund and is intended to accelerate growth and expand Consilium's operations across Canada and North America.

TA Associates Makes Growth Investment in AGA Benefit Solutions as Novacap Exits

March 5, 2024

Insurance

TA Associates has made a significant growth investment in AGA Benefit Solutions, partnering with AGA's management team who will remain major shareholders. Novacap, which invested in AGA in 2020, has transitioned its ownership as part of the transaction; AGA will use the new capital to pursue organic growth, technology investment and further M&A to expand its national platform.

General Atlantic Acquires Plusgrade from Novacap

March 4, 2024

Software

General Atlantic has acquired Plusgrade, a Montreal-based provider of ancillary revenue and upsell software for the travel industry, from private equity firm Novacap. The investment marks Novacap’s exit and brings in growth capital and strategic support from General Atlantic to accelerate Plusgrade’s product and market expansion across airlines, hospitality, cruise and rail travel segments.

AGA Benefit Solutions Acquires Cangaroo

October 2, 2023

Cloud & SaaS

AGA Benefit Solutions has acquired Cangaroo, a Quebec-based developer of online HR management software, in a deal completed October 2, 2023. The transaction — concluded in partnership with private equity firm Novacap — will allow AGA to expand its service offering by integrating HRIS capabilities with its group insurance and retirement services, accelerating growth across Canadian SMB clients.

AGA Benefit Solutions (with Novacap) Acquires J&D Benefits

January 20, 2022

Insurance

AGA Benefit Solutions, in partnership with Novacap, has acquired J&D Benefits, a Markham, Ontario–based provider of customized benefit administration services and multi-employer plan platforms. The deal will fold J&D into AGA's operations to scale J&D's multi-employer plan platform nationally while retaining J&D leadership (Todd Rappitt becomes a shareholder and Vice-President at AGA).

Novacap Takes Significant Equity Stake in Cofomo

June 1, 2021

IT Services

Novacap has acquired a significant equity interest in Cofomo to accelerate the IT consultancy's growth and strengthen its market leadership across Canada. The partnership will support Cofomo's expansion of digital transformation, cloud, security and talent-delivery capabilities while leaving the existing management team and operations in place.