Vertu Capital and BDC Capital Acquire Firmex from Novacap
February 5, 2019
Vertu Capital partnered with BDC Capital and Firmex management to acquire Toronto-based virtual data room provider Firmex from private equity firm Novacap. Financial terms were not disclosed; Bank of Montreal provided debt financing and Firmex management retains a minority stake while Novacap exits.
- Buyers
- Vertu Capital, BDC Capital, Firmex management (including Joel Lessem)
- Targets
- Firmex
- Sellers
- Novacap
- Industry
- Software
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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