Novacap and la Caisse announce a strategic investment in Pivotal Payments

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Novacap and Caisse de dépôt et placement du Québec announced today an investment in Pivotal Payments (Pivotal), a Québec business that specializes in payment processing solutions and merchant services. The new shareholders, who have extensive expertise in international business expansions, will enable Pivotal to pursue its plan to acquire new payment and fintech solutions and expand into new markets.With operations throughout North America and Europe, Pivotal serves more than 50,000 merchants. Over USD 14 billion is transacted on its various platforms every year. In addition to the services it provides to traditional point of sale businesses, Pivotal also offers global e-commerce solutions, advantageously positioning the company to benefit from this sector’s significant growth and from integrating with payment-enabled software companies. false false false RBC Capital Markets acted as a financial advisor to Novacap for this transaction. FT Partners acted as exclusive financial advisor to Pivotal for this transaction. false false false ABOUT NOVACAP Founded in 1981, Novacap is a leading Canadian private equity firm with $2.26 billion of assets under management. The Firm has raised over $2.6 billion in capital since its inception. Novacap’s unique investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous investee companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class companies. For more information, please visit www.novacap.ca. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2017, it held $286.5 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages. ABOUT PIVOTAL PAYMENTS Pivotal Payments is a leading provider of technology-driven, end-to-end payment processing solutions. We service the global eCommerce, SMB acquiring and integrated payments (ISV) markets, enabling a wider range of payment acceptance solutions under one innovative platform. Backed by experienced people, cutting edge technology and effective processes, we strive to create meaningful growth for our clients, partners and employees across multiple geographies and industries. As a full-fledged merchant processor for all major card brands, plus a principal member of Interac® and UnionPay International, we provide direct connectivity with the world's largest payment networks to power your success. Learn more at http://www.paiementspivotal.com or http://www.linkedin.com/company/pivotal-payments.