Claude Vachet joins Cycle Capital as Managing Partner

MONTREAL, Dec. 17, 2012 /CNW Telbec/ - Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management (Cycle Capital) is pleased to announce that Claude Vachet has joined her team as Managing Partner.

Claude Vachet has over 22 years of experience in operations in Venture Capital and in fund management. Having managed numerous investments and exits during his career, Claude has a solid track record. He has, among others, been part of successful teams at both Kirchner and Multiple Capital. He has also worked at Innovatech Montreal as Vice President Information Technology and Communication. In this capacity, he was responsible for 44 start-up companies and 5 Venture Capital Funds. From April 2004 to March 2005, he participated in the sale of Innovatech Montreal's portfolio, the second largest transaction in a Venture Capital portfolio in Canada with its 15 funds and 108 companies.

"I am very happy and very proud to welcome Claude to Cycle Capital's team. I am confident that he will perform perfectly in his assigned responsibilities. The team members are already benefiting from his experience, professionalism and enthusiasm", said Ms. Andrée-Lise Méthot. Claude graduated from the École Polytechnique in Chemical Engineering and holds an MBA from HEC Montreal.

About Cycle Capital Management (CCM) Inc.
Cycle Capital is a pioneer among Canadian venture capital funds focused on the cleantech sector. The fund invests in companies developing and commercializing clean technologies and projects in renewable energy generation that are focused on reducing greenhouse gas emissions, optimizing resources use, and decreasing impacts over their entire life cycle.

With nearly $125 million under management, Cycle Capital invests primarily in Northeastern North America. The fund has assembled a team of investment professionals, advisors and strategic partners, internationally respected for their combined experience in building, nurturing and growing world-class companies. Cycle Capital benefits from a privileged relationship with its strategic partners including Brookfield Renewable Power, Rio Tinto Alcan, Cascades, The Master Group L.P, Lonza, Gaz Métro, Systemex Energies and the Centre d'excellence en efficacité énergétique C3E.

SOURCE: Cycle Capital Management

For further information:

Andrée-Lise Méthot, 514 495-1022, amethot@cyclecapital.com