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Novacap closes acquisition of majority interest in Optiom

Date Closed

September 11, 2020

Lead Office


On September 11, 2020, Novacap closed its acquisition of a majority interest in Optiom Inc., a Calgary-based company specializing in insurance underwriting and vehicle replacement coverage.

Novacap is a leading Canadian private equity fund that invests in companies with strong growth potential in the industrial and manufacturing sectors as well as in service and distribution.

McCarthy Tétrault advised Novacap with a team led by Patrick M. Shea that included Laure Fouin, Firuz Rahimi and Karl Bherer (Corporate and M&A), Nancy Carroll and Hartley Lefton (Insurance and Regulatory), Mathieu Dubord, Eve Tessier and Sunny Yang (Finance), Vincent Yip (Intellectual Property), Dominic Thérien (Competition), Ben Aberant and Danielle Douglas (Employment), Kelleher Lynch and Hilary Smith (Benefits), Tina Peters and David Meier (Real Property), Angelo Discepola (Tax), and Gord Nettleton and Jamie Gibb (Environment).