MONTREAL, Feb. 14 /CNW Telbec/ - The Québec Manufacturing Fund L.P.
(QMF), a partnership sponsored by the Caisse de dépôt et placement du Québec
("Caisse"), has made its first two investments. The mission of this
$100 million Montréal-based private investment firm is to find profitable
Québec manufacturing companies that present attractive business opportunities
and have the potential to quickly make significant improvements to their
The first transaction, involving Les Produits Fraco Ltd., will focus on
optimizing production and speeding up growth, while the second, involving
Triton Electronik Inc., will position the company as a Canadian leader among
electronic contract design and manufacturing service providers thanks to the
synergies generated by consolidating two competitors.
QMF combines the financial acumen of the Caisse as well as the skills of
three seasoned managers with expertise in business development, operations
management and financial management, which will be channelled to help Québec
leaders execute their growth optimization projects.
"The creation of the fund, dedicated to helping competitive Québec
manufacturers optimize their production and the growth of the industry as a
whole, will not only meet our depositors' return objectives but also generate
solid economic spin-offs," said Normand Provost, Executive Vice-President,
Private Equity, at the Caisse. "The current context demands that manufacturers
optimize their production through synergy and better resource utilization. And
that's precisely what the two QMF transactions aim to do."
"The Caisse's financial acumen rounds out the operations and sector
expertise that we have built over the years through supply chain optimization,
market development and financial management and that will be put to work for
the manufacturers we back," added Marc Dufresne, a partner of the Québec
Manufacturing Fund L.P.
About the Québec Manufacturing Fund L.P.
The $100-million Québec Manufacturing Fund L.P., sponsored by the Caisse
de dépôt et placement du Québec, is an investment partnership that has a
mandate to identify profitable Québec manufacturing companies that present
attractive business opportunities and have the potential to quickly make
significant improvements to their operations. The QMF combines the financial
expertise of the Caisse de dépôt et placement du Québec with the operational
expertise of three experienced managers. The Fund assists entrepreneurs in
Québec's manufacturing sector with their projects by providing financing and
expertise for business development, operations management and financial
For further information:
For further information: Annie Vallières, Media Relations, Caisse de
dépôt et placement du Québec, (514) 847-5493