Debevoise & Plimpton LLP advised HarbourVest Partners, LLC, in Nova Capital’s acquisition of a portfolio of businesses within Newell Rubbermaid’s Hardware group in North America for USD $214 million, which closed today. The acquisition was funded through a newly established fund with equity provided by Nova Capital’s limited partners, including Nova and secondary funds managed by HarbourVest and Landmark Partners.

HarbourVest is an independent global private markets manager that invests in venture capital, buyout, mezzanine debt, distressed debt, and senior loans through primary partnership investments, secondary purchases and direct co-investments.

Debevoise has represented HarbourVest for more than 25 years in a wide range of matters.

The Debevoise team was led by partners David J. Schwartz and Kevin M. Schmidt and included partner Vadim Mahmoudov, counsel Timothy S. Long, and associates Yehuda Y. Halpert and David P. Iozzi.

Nova Capital Management Ltd is a specialist acquirer of corporate and private equity portfolios, and currently manages a diverse group of portfolios representing a transactional value of some $1.8 billion. Nova currently manages investments in 29 businesses primarily operating in North America, Europe and Asia, across a broad range of sectors.