NOVACAP sells Fibrenoire shares to Videotron for $125M

On January 7, 2016, NOVACAP, one of Canada’s leading private equity firms, announced it had finalized an agreement with Videotron, a subsidiary of Quebecor, in which it would sell Fibrenoire for a total consideration of $125 million. In a few short years, Fibrenoire has grown to be the largest independent player of connectivity services, by operating the largest fiber optic network dedicated exclusively to businesses in Quebec.

The Sellers – NOVACAP and Fibrenoire were represented on the acquisition by a McMillan team that included Charles Chevrette, Stéphanie Hamelin, Mike Ranger and Mark Opashinov, who were assisted by Line Lavigueur and Martine Pelchat.