Novacap’s Acquisition of Globe Electric

Fasken advised Novacap on the transaction.

On May 12, 2021, Novacap, a leading Canadian private equity firm, in partnership with Fonds de solidarité FTQ and Fondaction, announced the acquisition of a controlling interest in  Globe Electric, a Montreal-based company specialized in the design, development, manufacturing and marketing of innovative lighting and electrical products for consumers.

This Novacap acquisition will allow Globe Electric to continue growing through their next phase of development.

Founded in 1981, Novacap is a leading Canadian private equity firm with more than C$8B of AUM that has invested in more than 90 platform companies and completed more than 140 add-on acquisitions. 

The Fonds de solidarité FTQ is investing in a better society thanks to its over 700,000 shareholder-savers.

Globe Electric is a North American leader and innovator in lighting solutions, electrical products, and smart home systems. 

The Fasken team comprised of Michel Boislard (Picture), Kiran Singh, Cristel Chabot-Lapointe, Paul Khoury, Ralph Aziz, Gemma Caprio, Martin Racicot, Elaine Laberge-Poirier, Marwan El-Sayegh, Emilie Clairoux, Alain Leclerc, Jean-Philippe Mikus, Dominique Monet, Eliane Ellbogen, Brandon Farber, Jean-Philippe Thériault, Rhonda Grintuch, Philippe Dion and Laura Agaby. 

Involved fees earner: Ralph Aziz – Fasken Martineau; Michel Boislard – Fasken Martineau; Gemma Caprio – Fasken Martineau; Cristel Chabot-Lapointe – Fasken Martineau; Emilie Clairoux – Fasken Martineau; Philippe Dion – Fasken Martineau; Marwan El-Sayegh – Fasken Martineau; Eliane Ellbogen – Fasken Martineau; Brandon Farber – Fasken Martineau; Rhonda Grintuch – Fasken Martineau; Paul Khoury – Fasken Martineau; Élaine Laberge-Poirier – Fasken Martineau; Alain Leclerc – Fasken Martineau; Jean-Philippe Mikus – Fasken Martineau; Dominique Monet – Fasken Martineau; Martin Racicot – Fasken Martineau; Kiran Singh – Fasken Martineau; Jean-Philippe Therriault – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: Novacap;

Martina Bellini

Author: Martina Bellini