On Feb. 5, Eddyfi Technologies Inc. (Eddyfi) announced that it completed the acquisition of Ireland-based NDT Global to form Eddyfi/NDT. The new entity combines different expertise in test and measurement technology to form a full-service inspection technologies provider, working with customers in 110 countries.
Prior to the acquisition, Eddyfi completed a round of equity financing with Quebec-based private equity firm Novacap and Caisse de dépôt et placement du Québec, with investments from both entities totalling $270 million. These investments, combined with a round of debt financing provided by a banking syndicate led by National Bank of Canada and additional debt from Investissement Quebec, provided funding for the NDT Global acquisition as well as pursuing other strategic opportunities.
Eddyfi/NDT is a leading global provider of Non-Destructive Testing (NDT) technologies for customers in mining, aerospace, oil and gas, transportation and power.
Fasken Martineau DuMoulin LLP represented CDP Investissements Inc. with a team including
Frédéric St-Jean (corporate/M&A),
Marc Novello (banking),
and Dominic Chabot,
and Loana Brisson (paralegals).
McMillan LLP acted for Novacap in connection with the financing required for the acquisition with a team including
Charles Chevrette (business law),
Christian Abouchaker (business law),
and Michel Ranger (tax).