Nova's Portfolio Company Debro Chemicals ('Debro') Based in Toronto Agrees to Sell to 4l Capital Inc., a Toronto-Based Private Investment Company.

TORONTO, May 1, 2014 /CNW/ - Nova Capital Management Ltd. ("Nova") announces it has completed the sale of its portfolio company Debro to 4I Capital Inc., a Toronto-based private investment company headed by Brian Imrie. Nova acquired Debro in 2011 as part of a portfolio of five industrial businesses previously owned by Amalgamated Metal Corporation Plc ("AMC"), a UK based investment group.

Debro is a national distributor of specialty chemicals providing Canadian manufacturers with chemical raw material and supply chain solutions. Debro operates through four business units: Fine Chemicals, Process Chemicals, Food Ingredients and Industrial Specialties to serve a diverse base of customers.

Headquartered in Brampton, Ontario, Debro has a national presence with offices in Dorval, Quebec and Richmond, B.C. supported by a network of five, third-party warehouses.  

Bill Heise, President of Debro stated that "this is a great outcome for the entire Debro team. We look forward to working with Brian Imrie in the coming years to capitalize on the many opportunities we see for profitable growth."

Kath Jones, Nova's Toronto-based Investment Partner said "this exit is in line with the portfolio strategy we envisaged at the time of the acquisition from AMC and will enable us to concentrate our resources on the remaining 2 companies in this portfolio over the coming years. We believe that Brian will be an excellent owner of the business." 

Brian Imrie, Debro's new Chairman said "I am pleased to return Debro to Canadian ownership. Debro is one of the leading, independent chemical distributors in Canada. We have an outstanding employee team lead by Bill Heise. We represent many of the best chemical companies in the world and serve a diverse and growing customer base across Canada. I look forward to working with the Debro team, our suppliers and customers and to celebrating Debro's centennial in 2020 and for many years beyond."

About Nova Capital Management Ltd

Established in 2002, Nova is a specialist acquirer of corporate and private equity portfolios, and currently manages a diverse group of portfolios representing a transactional value of some $1.7 billion. With a 20+ strong team of financiers and business executives, Nova currently manages investments in over 25 businesses primarily operating in North America, Europe and Asia, across a broad range of sectors. It has offices in London, Chicago and Toronto.

Nova Capital Management Limited is regulated and authorized by the Financial Conduct Authority

For additional information on Nova Capital Management please go to www.nova-cap.com

SOURCE: Nova Capital Management Ltd.

For further information: Nova Argent Canada Inc.: Kathryn Jones, Investment Partner, +1 778 985 8834, k.jones@nova-cap.com; Dennis Powers, Operating Partner, +1 860 575 3027, d.powers@nova-cap.com

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Nova Capital Management Ltd.

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