Knowlton Development Corporation announced that it has received more than CAD 165 million in an equity round of funding on October 22, 2014. The transaction involved participation from Novacap Industries IV LP, a new fund managed by existing investor Novacap, Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Quebec, Investment Arm, EDC Equity, and Fondaction CSN.

On October 22, 2014, Knowlton Development Corporation closed the transaction.