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Dec 13, 2018

On December 13, 2018, MISTRAS Group, Inc. (MG: NYSE), a global provider of technology-enabled asset protection solutions to the energy, infrastructure and industrial sectors, announced the acquisition of Onstream Pipeline Inspection, a leading North American provider of proprietary technology enabling pipeline inspection and data analytics services from NOVACAP and affiliates.

McMillan LLP acted as counsel to NOVACAP and affiliates in connection with the sale transaction  with Josiane Turcotte as lead in-house counsel at NOVACAP.  Founded in 1981, Novacap is a leading Canadian private equity firm with $2.3 billion of assets under management. The firm takes a pragmatic approach to investing, which has helped accelerate growth and create long-term value for its numerous investee companies.  Such results are also expected in connection with the firm’s most recent transaction.

The Onstream transaction had a complex cross-border component with the McMillan team providing multi-disciplinary advice with respect to corporate, private equity, tax, real estate, competition, environmental and financial services matters.

The McMillan team was led by Charles Chevrette and Enda Wong (Corporate & M&A) and included Julia Loney, Christian Abouchaker, Sophie Papineau-Wolf (Corporate & M&A); Paul Boshyk (Employment Law); Janie Tremblay, Patrice Beaudin (Financial Services); Casey Halladay (Competition Law); Robert Shore and Mitchell Alison (Real Estate); Henry Krupa (Environmental).