Accès capital Québec announces the closing of its fund III

    QUEBEC CITY, April 25 /CNW Telbec/ - Accès Capital Québec is pleased to
announce the closing of its Fund III at $30 million. The amount raised is the
result of a partnership with AlterInvest, L.P., a fund managed by BDC, with
capital provided by BDC and the Caisse de dépôt et placement du Québec.
    Accès Capital Québec is a regional investment company whose mission is to
contribute actively to the development of SMEs in the Québec City and
Chaudière-Appalaches region by providing equity and quasi-equity financing of
up to $2 million in the form of share capital and debentures. The fund
provides development and succession capital for manufacturing and technology
    The Company began its operations in 1997 with an initial $10-million fund
invested in SMEs in the Québec City Chaudière-Appalaches region. In 2001, the
Company launched its second fund worth $25 million.
    The general partners of Fund III are Serge Olivier, Lise Lapierre and
Pierre Tessier, who hold equal stakes. Together, they have almost 50 years of
experience in financing and venture capital. They are very familiar with the
region, having spent their entire careers and made several major investments
    "In 10 years, Accès Capital Québec will have made investments in more
than 45 SMEs. This contribution is in line with our partnership approach to
the development of Québec's SMEs. We want to pursue this successful alliance
with the experienced managers at Accès Capital Québec," stated Normand
Provost, the Caisse's Executive Vice-President, Private Equity.
    "This investment is the result of a partnership between Accès Capital
Québec, the Caisse and BDC. It provides access to a type of financing which is
critical to the growth of SMEs," stated Jacques Simoneau, Executive Vice
President, Investments, BDC.
    "Our ability to make decisions and take action quickly, careful
monitoring of our investments and our partner relationship with entrepreneurs
are strategic elements that set us apart from the rest of the market," stated
Serge Olivier, Managing Partner of the Fund.

    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, 2006, it held $143.5 billion of net assets. The
Caisse invests in the main financial markets as well as in private equity and
real estate. Its private equity team focuses on companies with the potential
for strong growth and returns. The institution partners with dynamic companies
in various sectors, offering them a full range of financing products, with
emphasis on equity investments and loans. The private equity portfolios held
$16.8 billion of net assets as at December 31, 2006. For more information:

    About BDC

    BDC is a financial institution wholly owned by the Government of Canada.
BDC actively supports the development and growth of Canadian small and
medium-sized businesses through its complementary financial, investment and
consulting solutions. BDC is one of Canada's Top 100 Employers for 2007. Visit for more information.

For further information:

For further information: Pierre Tessier, CA, Managing Partner, Accès
Capital Québec Fund III, L.P., (418) 684-8160,; Annie Vallières, Adviser, Media Relations,
Caisse de dépôt et placement du Québec, (514) 847-5493,; Eva Boucher-Hartling, Media Relations Manager, BDC,
(514) 283-7929,

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