Novacap invests in growth of pipeline inspection specialist Onstream
Canadian private equity firm Novacap has made an investment in Onstream Pipeline Inspection Services Inc, a Canadian provider of pipeline in-line inspection solutions for the oil and gas industry. The deal's financial terms were not released. Onstream, which is based in Calgary, plans to use the partnership with Novacap to enhance its operations, engage in strategic growth opportunities, and accelerate funding of research and development programs. The investment was made through Novacap TMT IV LP, which raised $375 million in 2014. As reported by PE Hub Canada, Novacap earned a substantial return from this year's initial public offering of portfolio company Stingray Digital Group Inc.
26 November 2015•3 mins read
