MONTREAL, May 25, 2011 /CNW Telbec/ - The Caisse de dépôt et placement
du Québec (the "Caisse") and Capital régional et coopératif Desjardins
("CRCD") have announced new investments in Québec totalling
$12.25 million. The funds will enable ten companies located in Québec
City, Montréal, and the Saguenay-Lac-Saint-Jean, Eastern Townships,
Centre-du-Québec and Côte-Nord regions to increase productivity and
pursue growth projects to maintain their competitiveness. The new
financing boosts to more than $73 million the amount invested by the
Caisse and Desjardins Group in some 20 companies since the beginning of
their partnership in 2010.
"The objective of the Caisse was twofold: identify businesses with
bright futures to contribute to Québec's economic development, and
seize every opportunity to earn attractive returns for our depositors,"
stated Luc Houle, Senior Vice President, Investments, at the Caisse de
dépôt et placement du Québec. "Since the creation of our partnership
with Desjardins Group, we have been better able to target growing
businesses across the province, and we are confident that this will
earn us attractive returns over the long term."
Marie-Claude Boisvert, Chief Operating Officer of Desjardins Venture
Capital, which manages CRCD, said that with the partnership between
Desjardins and the Caisse approaching its first anniversary, the
results to date have been very positive. "The business people we are
working with have ambitious plans, and their enthusiasm and drive are
contagious," she says. "For them, simple, flexible access to capital is
key to their growth, and this accounts in part for the enormous
popularity of our financing tool."
Ten companies: $12.25 million
Cam-Trac Sag-Lac Inc.
Focused on the sale, leasing and repair of forestry equipment and
products, this Chicoutimi-based business founded in 1988 employs 24
Mécanique Plomb O Gaz
A general contractor specializing in the manufacture and installation of
heating systems and industrial piping. Founded in 2003, the business
has 50 employees in Chicoutimi.
Since 2001, this company in Alma, which employs approximately 30 people,
has provided helicopter charter services.
La Forfaiterie inc.
Created in 1997 and based in Stoneham, the company offers retail
packages through a network of 17 outlets in Québec that employ some
A producer of folding cartons, based in the Town of Mount Royal. Founded
in 1983, the company has approximately 60 employees and ships its
products throughout eastern Canada and the U.S. northeast.
Attraction Media Inc.
Established in 2002 and employing 85 people in Montréal, the business is
an association of companies specialized in motion picture, television,
advertising, and event production.
Les Solutions Victrix inc.
Founded in 2003 and employing 140 people in Montréal and Québec City,
this IT services and communication infrastructure company serves SMBs,
large companies, and government bodies across Québec.
A services company specializing in the dredging, dewatering and disposal
of waste sludge from municipal and industrial sedimentation ponds.
Founded in 2005, the business has 20 employees in St-Denis de Brompton
in the Eastern Townships.
VIF Moulds and Plastics Industries Ltd.
Subcontractor manufacturer of moulded and injection plastic parts.
Founded in 1973, the company employs approximately 100 people in
Contractor specialist in asphalting and asphalt paving blocks.
Established in 2007, the business has 50 employees in Baie-Comeau.
About the Desjardins and 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 businesses.
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 successful medium-sized companies with good growth and
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, 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: http://www.lacaisse.com.
About Capital régional et coopératif Desjardins
Founded in 2001, Capital régional et coopératif Desjardins is a publicly
traded company managed by Desjardins Venture Capital. With over
111,000 shareholders, the Company contributes to Québec's economic
development while driving the growth of cooperatives and resource
regions. Capital régional et coopératif Desjardins currently supports
the growth of more than 230 companies and cooperatives in various
industries throughout Québec. (http://www.capitalregional.com/)
About Desjardins Group
Awarded the coveted title "Bank of the Year 2010 - Canada" by the UK
magazine The Banker, Desjardins Group is the leading cooperative financial group in Canada
and the sixth largest in the world, with assets of over $184 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 one of Canada's 10 Most Admired Corporate CulturesTM of 2010, Desjardins is supported by the skills of its 42,500 employees
and the commitment of nearly 6,000 elected officers. For more
information, visit www.desjardins.com.
SOURCE DESJARDINS GROUP
For further information:
(for journalists only):
Caisse de dépôt et placement du Québec
Senior Director, Media Relations
Media Relations Advisor
514-281-7275 or 1-866-866-7000, ext. 7275