Novacap leads $165 million investment in Québec manufacturer KDC
Canadian private equity firm Novacap has led a more than $165 million investment in Knowlton Development Corp (KDC), a Knowlton, Québec-based manufacturer of health and beauty products. Novacap was joined in the deal by the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Québec, Export Development Canada and Fondaction CSN. Novacap previously invested in KDC in 2002. The investors said a new partnership aims to support KDC's growth plan, which includes reaching a billion dollars in annual revenues within a few years. Novacap managing partner Jacques Foisy was interviewed by peHUB Canada about KDC and the first close of Novacap Industries IV LP.
22 October 2014•5 mins read
