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MONTREAL , July 20, 2017 /CNW Telbec/ - Novacap, a Canadian baton in clandestine equity, today appear a affiliation with Bestar Inc. ("Bestar"). Banking agreement of the transaction were not disclosed.

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Headquartered in Lac-Mégantic, Quebec , Bestar is a arch artist and architect of ready-to-emble me and appointment appliance primarily awash online in Canada and the United States . The aggregation currently employs over 150 bodies in the Eastern Townships.

"We are actual admiring to aggregation up with a bounded business accomplice with a accurate clue almanac of acquisitions and cardinal alliances," said Mario Aubé, President of Bestar. "Novacap will advice us accomplish our business plan and our abounding advance projects. We are ertive that calm we will anatomy a able aggregation that will consolidate our success and actuate the company's growth. "

"Novacap is decidedly appreciative to accomplice with Bestar," said Frédérick Perrault, chief accomplice at Novacap. "Over the years, the aggregation has congenital able relationships with key barter in the industry. Bestar lds a cardinal position in the market, accurate by connected addition and a cogent attendance on the Internet. We are actual aflame to aggregation up with acclimatized operators and we attending advanced to accidental to Bestar's aggressive advance plan. "

About Bestar Inc.

Founded in 1948, Bestar Inc. designs, manufactures, and distributes a advanced ambit of ready-to-emble accoutrement that accommodated the needs of consumers in agreement of quality, architecture and functionality. Its articles are broadcast primarily in Canada and the United States .

About Novacap

Founded in 1981, Novacap is a arch Canadian clandestine disinterestedness close with $2.26 billion of ets beneath management. The Close has aloft over $2.6 billion in basic back its inception. Novacap's different advance approach, based on abysmal operational ability and an alive affiliation with entrepreneurs, has helped advance advance and actualize abiding amount for its abundant investee companies. With an accomplished administration aggregation and abundant banking resources, Novacap is able-bodied positioned to abide architecture world-cl companies. For added information, amuse appointment www.novacap.ca.

 

SOURCE Novacap Administration Inc.

View aboriginal content: http://www.newswire.ca/en/releases/archive/July2017/20/c4206.html



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