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Newpoint Financial Group Announces Completion Of Investment In Novea Inc. - Jacana Warranty

Mar 02, 2022over 3 years ago
Los Angeles

Description

LOS ANGELES, CA / March 2, 2022 / NFG SARL ("NFG"), a global diversified investment holding company focused on insurance and finance announced today that it has completed all closing conditions in connection with its investment in Novea, Inc. ("Novea"). The financing, which was made through NFG's U.S. subsidiary, Newpoint Financial Corp., consisted of a $50 million equity investment in exchange for a combination of Novea preferred shares and 10% of the outstanding Novea common stock

Company Information

Company

Newpoint Financial Group

Location

Los Angeles, California, United States

FundzWatch™ Score

87
Medium Activity

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