Vertu FX Limited Partnership and BDC Capital Inc. complete acquisition of Firmex Holdings Inc.

On February 1, 2019, a company owned by Vertu FX Limited Partnership (“Vertu”), BDC Capital Inc. (“BDC”) and certain members of the Firmex executive management team completed the acquisition of Firmex Holdings Inc., one of the fastest-growing and most widely-used providers of virtual data rooms and secure document sharing solutions, from Novacap TMT IV, a Montreal-based private equity firm. The acquisition of Firmex supports Vertu’s position as a Canadian technology private equity firm that seeks to partner with businesses that have transformational growth potential and excellent management teams and evidences BDC’s goal of being a strategic partner to the country’s most innovative firms. 

Vertu was represented by Samantha Horn, Meghan Jones and Tracey Thornton (M&A), Marie Garneau and Andie Lipetz (Banking), John Lorito, Lindsay Gwyer and Eryn Fanjoy (Tax), Alethea Au (IT), Justine Whitehead (IP) and Alex Lemoine and Lucy Carruthers (Employment) of Stikeman Elliott LLP. 

BDC was represented by Blake, Cassels & Graydon LLP with a team that included Kurt Sarno, Andrew Clark and Kate Palumbo (M&A), Paul Stepak and Allan Gelkopf (Tax), Wendy Mee (Privacy & Regulatory) and Holly Reid (Employment). 

Firmex Management was represented by Jamie Firsten (M&A) and Michael Royal (Tax) of Goodmans LLP. 

Novacap was represented in-house by Josiane Turcotte, Senior Legal Counsel, by Charles Chevrette, Enda Wong, Christian Abouchaker and David Zhou (M&A), Michael Ranger (Tax), Eric Friedman (Banking) and Bruce McWilliam (Technology) of McMillan LLP.

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