Portfolio increased from $50 million to $200 million
MONTREAL, April 23, 2012 /CNW Telbec/ - The Caisse de dépôt et placement
du Québec announced that the allocation for publicly listed small-cap
Québec companies will be increased from $50 million to $200 million,
funds that will be invested to support the growth of more of these
businesses. The free-float market capitalization of securities held in
this portfolio will increase from $250 million to $400 million.
"With this specialized mandate, in addition to its other financial
products, the Caisse is able to cover the entire market, and support
promising public Québec companies of all sizes," said Normand Provost,
Executive Vice-President of Private Equity at the Caisse. "When we
invest in these small-cap companies, the idea is to help develop
Québec's equity market, but the investment also serves as a springboard
for these growing companies, which are often taking a position in
global markets. This mandate may even allow us to identify Québec
companies destined to become major success stories."
"In this very specific mandate, our investment approach is exactly the
same as when we invest in private Québec SMEs: we want to become a
long-term partner to these publicly listed companies and work closely
with them, supporting their development projects," said Martin Garand,
Investment Director and portfolio manager dedicated to this mandate.
The allocation for publicly listed small-cap Québec companies enhances
the Caisse's overall financing solution and complements the existing
range of financial products available to Québec companies. Since
announcing the creation of this portfolio in April 2011, the Caisse has
invested in six Québec companies under this mandate, including the
Mercator Transport Group.
"Being able to count on the Caisse at this stage in our development has
allowed us to grow our international operations that much faster," said
Jean-Pierre Apélian, CEO of Mercator Transport. "For a Québec company
like ours with a market capitalization of under $250 million, it can be
extremely difficult to carve out a place in global markets. The fact
that we have the support of a financial partner as strong and credible
as the Caisse has opened doors and given us additional momentum."
The changes made to the mandate dedicated to publicly listed Québec
small-cap companies will take effect on May 1, 2012.
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, 2011, it held $159.0 billion in net
assets. As one of Canada's leading institutional fund managers, the
Caisse invests in major financial markets, private equity and real
estate. For more information: www.lacaisse.com.
SOURCE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
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