Novacap, Real Ventures win CVCA’s 2018 deal of the year awards
Novacap and Real Ventures are the 2018 recipients of the Canadian Venture Capital & Private Equity Association‘s (CVCA) Deal of the Year awards. Real Ventures won in the venture capital category for its 2017 sale of location-based marketing analytics and automation company SweetIQ to Gannett Co Inc. The exit generated a 66 percent IRR and a 5.6 x cash-on-cash multiple. Novacap won in the private equity category for its 2017 sale of drug discovery software provider Chemical Computing Group to Altaris Capital Partners. The exit generated a 48 percent IRR and a 7.6 x multiple on invested capital. Novacap and Real Ventures are both based in Montréal.
7 June 2018•5 mins read
