Nova Capital Management has recapitalized Nova Argent Canada
Lincoln International (“Lincoln”), a leading global mid-market investment bank, announced today the successful completion of a financing for Nova Argent Canada, Inc. (“Argent” or the “Company”), a portfolio company of Nova Capital Management (“Nova”). Argent is a borrowing group consisting of National Concrete Accessories (“NCA”) and Exchanger Industries (“Exchanger”). NCA is Canada’s leading manufacturer and distributor of forming hardware and concrete accessories, and Exchanger designs and manufactures heat transfer equipment for the global oil, natural gas and petrochemical industries.
Lincoln advised on an undisclosed amount of senior-secured debt financing provided by HSBC to complete NCA’s acquisition of Northland Construction Supplies, as well as repay existing indebtedness, support strategic growth plans and fund ongoing working capital requirements.
As Nova’s exclusive financial advisor, Lincoln worked closely with Nova and Argent’s management team to structure, arrange and negotiate the financing. Kathryn Jones, Partner of Nova, commented, “Lincoln helped us secure a favorable financing package, providing us with the flexibility to integrate an accretive acquisition and run our businesses for growth. We are very pleased with the outcome and appreciated the market knowledge and transaction support Lincoln provided to the situation.”
Meet our Senior Team
I strive to be a strong advocate for my clients and offer a fresh and creative perspective to financing situations that exceed expectations and provide the flexibility needed to grow their businesses.
Christine Tiseo
Managing Director & Co-head of Capital Advisory
Chicago
View More Transactions
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.