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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