Novacap acquires Joseph Ribkoff
December 06, 2017
On December 6, 2017, Novacap announced that it has acquired a majority stake in Joseph Ribkoff Inc. This new investment represents Novacap's first foray into the women's ready-to-wear sector. Joseph Ribkoff will benefit from Novacap's financial backing, expertise and network to continue to grow in a highly competitive market.
Novacap is a private equity fund which aims to invest in companies with strong growth potential in the industrial and manufacturing sectors as well as in service and distribution. It is managed by Novacap, one of Canada’s leading private equity firms, based in Longueuil, QC. Joseph Ribkoff is a women’s clothing designer brand. It stands out as one of the leading designers in Canadian fashion industry for nearly 60 years and over 64 international markets.
McCarthy Tétrault LLP advised Novacap with a team led by Patrick Shea that included Cristel Chabot-Lapointe, Isabelle Nazon, Bianca Déprés and Anna Bronshteyn (Business), Madeleine Renaud (Competition), Diana Theophilopoulos (Labour and Employment), Véronique Wattiez Larose (Intellectual Property), Mary Pagonis and Jay Gupta (Real Property and Planning), Dominique Amyot-Bilodeau (Environmental), Angelo Discepola and Andrew Haikal (Tax), and Eve Tessier and Étienne Guertin (Financial Services).