XPND Capital Announces a Major Investment in Quebec's Cultural and Entertainment Sectors - Mishmash Takes the Stage to Shine an International Spotlight on Montreal Creativity

MONTREAL, Sept. 15, 2016 /CNW Telbec/ - XPND Capital, through its XPNDCroissance fund, announces the creation of Mishmash, an experience collective whose mission is to promote the cutting-edge, innovative spirit of Montreal and Quebec creators at the international level. The first members of Mishmash are La Tribu, Piknic Électronik Group and Productions Opéra Concept MP—producer of Another Brick In The Wall-The Opera.

Mishmash will facilitate collaborations between the members of the collective to offer integrated, value added experiences in terms of creativity, resources and international potential. "Mishmash will act as a driving force enabling successful, local, cultural players to accelerate their growth by exporting their know-how around the world," explains Alexandre Taillefer, XPND's Managing Partner. 

15 to 20 million dollars in investments in culture
Mishmash is consistent with the diversification strategy of XPND Capital and its XPNDCroissance fund. "Mishmash is perfectly aligned with XPND's vision and positioning, which focus on injecting growth capital into innovative businesses. This is why we plan on investing 15 to 20 million dollars in the cultural and entertainment sectors over the next three years," says Alexandre Taillefer.

La Tribu, Piknic Électronik Group and Productions Opéra Concept MP: the collective's founding members
La Tribu and Piknic Électronik are iconic cultural successes in Montreal, while Productions Opéra Concept MP is undertaking its first production, Another Brick In The Wall-The Opera. The production is an operatic happening composed by Julien Bilodeau and staged by Dominic Champagne, and is inspired by Roger Waters' legendary album The Wall. The production will premiere at Salle Wilfrid-Pelletier on March 11, 2017, as part of Montreal's 375th anniversary celebrations.

Celebrating its 20th anniversary in 2016, La Tribu stands at the forefront of the music, concert and entertainment industry in Quebec and francophone regions of the world. In addition to managing the career of many artists, La Tribu also produces and distributes shows and thematic content through festivals and its network of venues. Over the years, La Tribu has been honoured by the music industry with over 25 Félix awards.

Founded in 2003, Piknic Électronik Group is behind two major events that have quickly set themselves apart through their innovative, cutting-edge nature—cultural events deeply rooted in Montreal thanks to their driving spirit and the quality of their artistic line-up: Piknic Électronik, Montreal's weekly summer electronic music celebration; Igloofest, Montreal's winter electronic music event set on the Quays of the Old Port.

"These first Mishmash investments speak to our goal of bringing together, accompanying and driving cultural leaders and talent creators towards new opportunities," mentions Alexandre Taillefer.

Additional announcements over the coming months
The Mishmash team is in active discussions with other potential partners from the cultural and entertainment communities to recruit new members. "More than ever, the reunion of business and culture is an essential dimension for any prosperity-driven society. By investing in flagship cultural projects, we are sending a message to our local creators to continue growing their creative talent by fostering audacity and imagination," explains Alexandre Taillefer.

About Mishmash
In operation since September 2016, Mishmash is an experience collective whose mission is to actively promote Montreal and Quebec talent, on a local and global scale. Mishmash is part of XPNDCroissance, a Montreal-based private equity investment fund.

www.mishmash.ca | #mishmashmtl

Journalists wishing to obtain quotes from Pierre Dufour, Productions Opéra Concept MP President, Claude Larivée, La Tribu President, and Pascal Lefebvre, Piknic Électronik Group President and Cofounder, photos, company history and additional information can visit: www.mishmash.ca/en/press



Image with caption: "From left to right: Éric Albert, Vice President Investments, XPND Capital; Pierre Dufour, General Manager, Productions Opéra MP; Alexandre Taillefer, Managing Partner, XPND Capital; Claude Larivée, President, La Tribu; Pascal Lefebvre, President, Groupe Piknic Électronik. (CNW Group/XPND)". Image available at: http://photos.newswire.ca/images/download/20160915_C6769_PHOTO_EN_774307.jpg

Image with caption: "Mishmash (CNW Group/XPND)". Image available at: http://photos.newswire.ca/images/download/20160915_C6769_PHOTO_EN_773676.jpg

For further information: Source: Éric Albert, VP, Investments, XPND Capital; Media Relations - VROY Communications: Katherine Beaulieu, Account Manager, kbeaulieu@vroy.com, Office: 514-982-9100, Cell: 514-895-1807; Frédérique Cyr-Labrie, Project Manager, fcyrlabrie@vroy.com, Office: 514-982-9100, Cell: 514-816-5711

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