MONTREAL, May 23, 2013 /CNW Telbec/ - The Business Development Bank of
Canada (BDC) and the Caisse de dépôt et placement du Québec (Caisse)
announced a joint investment of $12 million in Revision Military Inc.
(Revision), a major Quebec developer and manufacturer of ballistic
eyewear, head protection systems and other protective equipment
designed for military and tactical use.
BDC is investing $7 million in the company while the Caisse is investing
a total of $5 million.
With its roots in manufacturing ballistic eyewear, for the past 10 years
the company has led a broad R&D, capitalization and marketing program
to provide the market with innovative products designed to protect
soldiers. This program has enabled the company to secure a leading
position in its market. The company currently operates three production
plants and has over 200 employees. The company's main clients are the
Canadian, American, British, German and Swiss armed forces.
"Revision is a pioneer in its field due to its innovation-focused
business model and its proactive client approach. BDC is proud to
partner with a Canadian company that has successfully developed an
international profile in this highly specialized niche market," said
Jérôme Nycz, Senior Vice President, Corporate Strategy and Subordinate
Financing at BDC.
"During the past few years, Revision has diversified its product
offering to enhance its visibility and competitiveness," said Normand
Provost, Executive Vice-President, Private Equity at the Caisse. "By
partnering to provide Révision with financing, the Caisse is helping
accelerate the growth of a Quebec-based company that is recognized for
ABOUT BUSINESS DEVELOPMENT BANK OF CANADA
Canada's business development bank, BDC, puts entrepreneurs first. With
almost 2,000 employees and more than 100 business centres across the
country, BDC offers financing, subordinate financing, venture capital
and consulting services to more than 28,000 small and medium-sized
companies. Their success is vital to Canada's economic prosperity. www.bdc.ca
ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution
that manages funds primarily for public and private pension and
insurance plans. As at December 31, 2012, it held $176.2 billion in net
assets. As one of Canada's leading institutional fund managers, the
Caisse invests in major financial markets, private equity,
infrastructure and real estate globally. For more information: www.lacaisse.com.
SOURCE: CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
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