MONTREAL, Dec. 27, 2012 /CNW Telbec/ - The Caisse de dépôt et placement
du Québec announced a $50-million investment, in the form of a term
loan, in CAE, a global leader in simulation and training services for
the aerospace industry.
The Caisse's investment is part of the private financing of
approximately $350 million announced earlier today by the company.
"Over the last few years, CAE has diversified its product and service
offering to enhance its visibility and competitiveness in international
markets," said Marc Cormier, Executive Vice-President, Fixed Income, at
the Caisse. "By providing financing to CAE, the Caisse is playing an
instrumental role in the success and growth of a Québec company that
has been a leader in one of our growth industries."
CAE has customers in more than 190 countries and is recognized today for
its cutting-edge flight simulators but also for its customized training
programs. It operates in two main market segments: civil aviation and
defence. Recently, it has started applying its expertise in the
healthcare and mining sectors.
"We are pleased to be able to count on a partner like the Caisse in the
pursuit of our activities internationally and in new market segments,"
said Stéphane Lefebvre, CAE's Vice President, Finance and Chief
Financial Officer. "The financing will help maintain our leadership
position and give us the flexibility to further strengthen our balance
sheet in the periods ahead."
CAE is a global leader in modelling, simulation and training for civil
aviation and defence. The company employs close to 8,000 people at more
than 100 sites and training locations in approximately 30 countries.
CAE offers civil aviation, military, and helicopter training services
in more than 45 locations worldwide and trains approximately 100,000
crewmembers yearly. In addition, the CAE Oxford Aviation Academy offers
training to aspiring pilot cadets in 11 CAE-operated flight schools.
CAE's business is diversified, ranging from the sale of simulation
products to providing comprehensive services such as training and
aviation services, integrated enterprise solutions, in-service support
and crew sourcing. The company applies simulation expertise and
operational experience to help customers enhance safety, improve
efficiency, maintain readiness and solve challenging problems. CAE is
now leveraging its simulation capabilities in new markets such as
healthcare and mining. www.cae.com
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 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
For further information:
Senior Advisor, Media Relations