Novacap Buys Dehydrated Potato Co
May 13, 2011- Share:
Canadian PE firm Novacap has acquired Idaho Pacific Holdings from Otter Tail (NASDAQ: OTTR) for $87 million in cash. Equity financing for the transaction was provided through the Novacap Industries III fund. IPH manufactures dehydrated potato products and was advised by Harris Williams & Co. on the deal.
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