Novacap sells Fibrenoire to Québecor's Vidéotron for $125 mln
Canadian private equity firm Novacap has sold its portfolio company Fibrenoire, a fibre optic connectivity services provider, to Vidéotron for $125 million. In a separate release, Vidéotron, a subsidiary of Québecor, said it made the acquisition to meet growing demand from its business customers for fibre optic connectivity. Based in Montréal, Fibrenoire has been backed by Novacap since April 2013. Over the past three years, the company has more than doubled its revenue and profitability, Novacap reported, in part due to acquisitions supported by the investor. In December, Cegid Group acquired Novacap-backed Technomedia, a cloud-based talent management software provider.
7 January 2016•3 mins read
