Novacap acquires majority stake in Foliot Furniture



On November 5, 2019, Novacap announced that it has acquired a majority stake in Foliot Furniture Inc., effective as of October 31, 2019, alongside the current management team and the Fonds de solidarité FTQ. Novacap intends to pursue Foliot Furniture's growth and support the management team in its development opportunities.

Foliot Furniture provides furnishings for the hospitality and educational housing communities. Foliot Furniture has nearly 30 years of manufacturing experience and has delivered more than one million rooms in hotels, resorts, universities, and colleges throughout North America.

McMillan LLP provided multi-disciplinary advice to Novacap with a team led by Charles Chevrette and Enda Wong (Corporate & M&A), and included Christian Abouchaker and Candice Hevin (Corporate & M&A), Patrice Beaudin, Keith Hanna and Nicolas Dolot (Financial Services), Shari Munk-Manel and Mireille Germain (Employment), Casey Halladay and Joshua Chad (Competition), Ralph Cuervo-Lorens and Talia Gordner (Environmental), Eve Lalancette (Real Estate) and Rish Handa (Intellectual Property).

Foley & Lardner LLP acted as U.S. counsel to Novacap. The Foley team was led by Gjina Lucaj and included Phil Kappell.

DFDL Vietnam acted as Vietnam counsel to Novacap. The DFDL team was led by Jerome Buzenet.

BCF LLP acted as counsel to the Sellers and Target entities. The BCF team was led by Julie Doré and included Kristian Zimmerman, Vincent Chaurette, Jean-Pierre Katcho, Leonie Brais-Laporte (Corporate & M&A), Pierre Allard (Tax), Nancy Boyle and Kevin Vincelette (Employment).