Novacap Financial Services Completes its First Continuation Vehicle

MONTREAL, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Novacap, a leading North American private equity firm, today announced that its Financial Services team has successfully closed its first continuation vehicle transaction, and the fourth for Novacap, in Revau.

The continuation vehicle is led by a consortium including funds managed by Northleaf Capital Partners, Export Development Canada (EDC) and Fonds de solidarité FTQ, and includes participation from several key institutional investors such as Manulife Investment Management. The transaction involved the continuation vehicle acquiring an interest in Revau from Novacap Financial Services, along with certain other shareholders. The transaction offered existing Novacap limited partners the option to receive liquidity or rollover while providing Revau with access to additional capital.

The transaction follows Revau's recent U.S. acquisitions of Brazos Specialty Risk Insurance and Twenty Mile Insurance Services, two U.S.-based Managing General Agents (MGAs) specializing in trucking and construction-focused liability solutions. These acquisitions mark Revau's strategic entry into the U.S. market, substantially broadening its footprint across North America and positioning it for future growth plans in the U.S.

"This continuation vehicle represents an important milestone for Novacap Financial Services, reflecting the value created at Revau to date and our commitment to support Revau in its future endeavours," said Marcel ...