Novacap, a Toronto, Ontario and Brossard, Quebec, Canada-based private equity firm, closed its latest fund, Novacap Industries V, at C$940m.

The vehicle will maintain its current strategy of investing in North American mid-market manufacturing companies, food processors, business-service providers and distributors with the ability to become North American leaders in their respective fields.

It expects to make equity investments in order to support companies with organic growth initiatives and to drive strategic acquisitions.

Novacap Industries V will be led by its partners, Jacques Foisy, Michel Côté, Domenic Mancini, Frédérick Perrault, Marc Paiement, Michel Toutant and Jean-Francois Routhier.

Over the last 38 years, the firm has invested in more than 90 companies and completed more than 130 add-on acquisitions. | To read full story, visit https://startuparound.com/read/1574704812.2270558/Novacap-Completes-Industries-Fund,-at-C$940M?ref=audio_experience