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cANADIAN BusINEssEs Nova capital management ltd (Nova) the specialist acquirer of corporate and private equity portfolios has completed the acquisition of five industrial businesses in canada. the acquired businesses formed the major part of premetalco Inc., the canadian subsidiary of Amalgamated metal corporation plc (Amc), a uk based industrial group. The businesses acquired are Wilkinson Steel and Metals,

Exchanger Industries, The East and West Canada divisions of National Concrete Accessories and Debro Chemicals & Pharmaceuticals. The five acquired businesses have aggregate sales of

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approximately CAD 400 million and employ more than 720 people in 30 operating facilities across Canada. The acquisition was made through a newly formed company,

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Nova Argent Canada Inc. Equity financing for the acquisition was provided by a syndicate comprising Nova and funds advised by HarbourVest Partners, LLC, Morgan Stanley Alternative Investment Partners, Headway Capital Partners LLP, and Parish Capital Advisors LLP. HSBC Bank Canada led a debt syndicate which provided acquisition and working capital facilities. Nova was advised on the acquisition by HSBC Securities (Canada) Inc., Stikeman Elliott LLP, Simmons & Simmons LLP and KPMG LLP. AMC was advised by McGladrey Capital Markets LLC, who initiated the transaction, and by Blake, Cassels and Graydon LLP. David Williamson, Managing Partner of Nova commented:

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"We are delighted to have completed this portfolio acquisition. It fits perfectly with our strategy of buying groups of companies which are well managed and have strong market positions but where we feel we can accelerate their growth through the deep operational and international experience which we can bring to bear.” fi

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 OCTOBER 2011 www.finance-monthly.com