MONTREAL, Feb. 2, 2012 /CNW Telbec/ - The Caisse de dépôt et placement
du Québec (the "Caisse") and Capital régional et coopératif Desjardins
announced that they have made 14 new investments in Québec companies,
growing the assets invested by the two partners by $7.3 million. These
investments, intended to support the dynamic and successful companies
in achieving their growth initiatives, will generate spin-offs in 9
regions in Québec, namely, Abitibi-Témiscamingue, Montérégie, Montréal,
the Eastern Townships, Québec City, Chaudière-Appalaches,
Saguenay-Lac-Saint-Jean, Bas-Saint-Laurent and Côte-Nord.
Since the beginning of their partnership concluded two years ago, the
Caisse and Desjardins Group jointly invested close to $110 million in
different projects led by approximately 50 Québec companies located
across the province.
"We are pleased that in 2012 we are forging ahead with our action plan
to help strengthen SMBs showing high growth potential," indicated Luc
Houle, Senior Vice President, Investments at the Caisse de dépôt et
placement du Québec. "It's through a number of initiatives,
particularly this partnership with Desjardins Group, that we are able
to broaden our contribution across Québec. We wish these 14 companies
great success in carrying out their respective projects."
For Marie-Claude Boisvert, Chief Operating Officer of Desjardins Venture
Capital, which manages Capital régional et coopératif Desjardins, these
new partnerships confirm the entrepreneurial force that drives business
people throughout Québec. "Entrepreneurs are constantly seeking the
best levers to grow their business and clearly our partnership with the
Caisse de dépôt et placement du Québec represents an essential tool for
this type of development. Furthermore, our strong presence in all
regions of Québec ensure that we play a central and active role and are
better positioned to support entrepreneurs in their projects."
14 COMPANIES: $7.3 MILLION
Location Lauzon inc., La Sarre
This retail company specializes in selling recreational product, spa and
swimming pool sales, and equipment rentals and repair services.
Established in 1992, Location Lauzon currently has 10 employees in the
Les Industries Béroma Inc., Val-d'Or
Les Industries Béroma has been manufacturing specialized mining and
forestry equipment for the Québec and northeastern Ontario markets
since 1984. This prominent manufacturing company in the
Abitibi-Témiscamingue region has a total of 30 employees.
RX Santé, Lac-Brome
RX Santé is a pharmacist placement agency in Montérégie. Having reached
its maturity after being in operation since 2005, the business is
currently entering into a buyout transaction.
CRS / Vamic, Delson
Founded in 1978, CSR / Vamic is an assembler and distributor of modular
belts and other industrial conveyor components primarily for the food
and pharmaceutical markets in Québec, Ontario and the maritime
provinces. In total, 20 people ensure the continuity of the Montérégie
company. The investment is an integral part of a buyout.
Action Mécanique, Rougemont
In Rougemont, Montérégie, Action Mécanique, operating under the name
Rougemont Diesel, runs a mechanical workshop for heavy trucks. Since it
was established in 2008, the company's clients have included
manufacturing, agricultural and transportation companies in the region.
The investment is used in particular in carrying out an expansion
project for the company's facilities.
Magellan Aviation Services inc., Montréal
Magellan Aviation Services offers, in Québec and Europe, training
services for pilots operating ATR and A320 aircraft, and pilot and
specialized mechanic placement services. The company also proposes
private air transport services in France. Established in 2009, the
Québec company has a total of 16 employees at its parent company in
Montréal and at it two French subsidiaries, Magellan Training Center
and Avialim. In particular, Magellan Aviation intends to allocate this
investment to developing the Asian market.
Les Gestions F. Dumouchel Ltée, Montréal, Québec, Chicoutimi
Active since 1991, Les Gestions F. Dumouchel Ltée are insurance
adjusters. With offices in Montréal, Québec City and Chicoutimi to
serve its clients throughout Québec, this company has 30 employees. The
investment will be earmarked for the company's growth projects.
V2R Distribution, Asbestos
This company, established in 2007, distributes women's bathing suits and
ski clothing for men and women. Located in Asbestos, V2R Distribution
is rapidly growing and has close to a dozen employees.
Décoplex inc, Saint-Jean-Chrysostome
Décoplex inc., operating under the name DX Plastiques, specializes in the use of thermoforming technology for the manufacture
of plastic parts. Located near Lévis in Chaudière-Appalaches, the
company was established in 1992 and has 12 employees. This investment
was carried out as part of a transaction related to the business
Cervo-Polygaz inc., Chicoutimi, Sept-Îles
Established in 2009, Cervo-Polygaz specializes in the installation of
piping, the maintenance and the repair of gas and oil heating elements.
Its 46 employees ensure the continuity of its Chicoutimi and Sept-Îles
offices. This investment was carried out as part of a succession
Fromagerie Boivin, La Baie
Fromagerie Boivin is a company specializing in the manufacture and
distribution of cheddar cheese. Active since 1989, it has 120 employees
in its La Baie au Saguenay - Lac-Saint-Jean facilities.
Impressions Soleil, La Pocatière, Rivière-du-Loup, Notre-Dame-du-Lac, Québec
Impressions Soleil is a company specializing in printing products and
services. Established in 1993, the company has three facilities in
Bas-Saint-Laurent - La Pocatière, Rivière-du-Loup and Notre-Dame-du-Lac
- in addition to one in Québec City where a total of 16 people work.
Express Havre St-Pierre Ltée, Havre-Saint-Pierre, Sept-Îles and
Express Havre St-Pierre has been operating since 1975 in the truck
transportation industry. The company has 22 employees working in its
head office in Havre-Saint-Pierre and for the subsidiaries in Sept-Îles
and Boucherville. It serves the Bas-Côte-Nord market, receiving
requests to transport goods from all over Québec. This investment has
enabled Express Havre St-Pierre to build a warehouse at its head
Hôtel Motel Le Q'Artier des Îles inc., Port-Cartier
Hôtel Motel Le Q'Artier des Îles is a hotel establishment which, since
2010, took root in the Côte-Nord à Port-Cartier region. Its 15
employees serve the clientbase comprised mainly of tourists, business
people and seasonal workers. The hotel was granted a loan to carry out
the initial phase of a major renovation project.
About the Desjardins and the Caisse de dépôt et placement du Québec
In 2010, Desjardins Group and the Caisse announced a $600 million
agreement aimed at supporting the expansion and growth of Québec SMBs.
The agreement includes two distinct components: one for small companies
and another for medium-sized companies.
The first part of the agreement involves a $200-million fund, Capital
croissance PME, to meet the financing needs of small Québec companies,
primarily in the form of subordinated loans of less than $3 million.
Desjardins Venture Capital, a subsidiary of Desjardins Group, is the
exclusive manager of this fund and an equal partner alongside the
Caisse and Capital régional et coopératif Desjardins.
The second part of the partnership involves $400 million for the
financing of medium-sized companies with good growth and profitability
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 13, 2010, it held $151.7 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.
About Capital régional et coopératif Desjardins
Capital régional et coopératif Desjardins, this year celebrating its 10th anniversary, is a publicly traded company managed by Desjardins Venture
Capital. With over 107,000 shareholders and net assets of $1,082
million, the Company contributes to Québec's economic development while
driving the growth of cooperatives and the resource regions. Capital
régional et coopératif Desjardins currently supports the growth of more
than 220 companies, cooperatives and funds in various industries
spanning all Québec regions. (capitalregional.com)
About Desjardins Group
Desjardins Group www.desjardins.com is the leading cooperative financial group in Canada with assets of
nearly $190 billion. Drawing on the strength of its caisse network in
Québec and Ontario, and its subsidiaries across Canada, it offers a
full range of financial products and services to its 5.8 million
members and clients. Desjardins specializes in Wealth Management and
Life and Health Insurance, in Property and Casualty Insurance, in
Personal Services, in Business and Institutional Services. As one of
the largest employers in the country and among Canada's Top 100 Employers for 2012TM, Desjardins is supported by the skills of its 43,600 employees and the
commitment of nearly 6,000 elected officers. A new education and
cooperation program is now available to Desjardins members and the
general public. For more information, visit www.desjardins.com/co-opme.
SOURCE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
For further information:
Information (for journalists only):
| Caisse de dépôt et placement du Québec |
Senior Director, Media Relations
| || Desjardins Group |
514 281-7275 or 1 866 866-7000, ext. 7275