Novacap sells stake in logistics company Metro SCG to LDC
Canadian private equity firm Novacap has sold its interest in Metro Supply Chain Group (Metro SCG), a third-party provider of logistics services in North America and Europe. No financial terms were released. Novacap sold the stake to LDC Logistics Holdings Inc, a diversified holding company and existing investor in Metro SCG. Novacap invested in Montréal-based Metro SCG in late 2005. Managing Partner Jacques Foisy said Novacap supported the company's growth with strategic, operational and financial contributions. He said his firm will explore co-investment opportunities with LDC in the future. Last year, Novacap closed its fourth industries fund at $470 million.
2 February 2017•4 mins read
