MONTREAL, June 2, 2014 /CNW Telbec/ - Mrs. Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management (Cycle Capital) is pleased to announce the arrival of Benoit Forcier in her team. Benoit joins Cycle Capital's team as Partner. "Ben has helped shape and grow the technology sector of Atlantic Canada over the course of the last 10 years. We are delighted that Benoit comes back to Montreal to join the team to the benefit of Cycle Capital's portfolios companies" said Ms. Méthot.
Benoit Forcier began his career at BCE Inc. in treasury management which led him to roles in Alliances, Venture and Acquisitions and then Ben worked on a number of transactions at BCE's Venture Capital Fund which resulted in attractive returns through a trade sale and an IPO. After working in the Telesystem Group of companies on the fundraising side and for TIW, Ben moved to the East Coast to join Innovacorp where he played an active role as part of the leadership team scaling the organization's technology business incubation and mentoring business model managing a seed and early stage venture fund with more than $60M in Capital Commitments as Vice-President Investment. While at Innovacorp, Ben also established and EIR program, operationalized a Fund-of-Fund Strategy and secured $35 million in commitments for the establishment of a new regional venture capital fund. More recently, Ben was a partner at Espresso Capital and has been working with Technology-based companies in northeastern North America.
"I am very excited to join the Cycle Capital Team which has a deep knowledge in the sector. I look forward to partnering with the best Quebec-based entrepreneurs and Companies based on the Eastern seaboard to help them capitalize their growth plans so they become the leaders in the market," stated Mr. Forcier.
About Cycle Capital Management
A pioneer among Canadian venture capital funds focused on the clean-tech sector, Cycle Capital invests in companies developing and commercializing clean technologies and striving to reduce greenhouse gas emissions, optimizing resource use, and improving process efficiency throughout a product's life cycle.
With assets under management of $230 million, Cycle Capital invests in Quebec and northeastern North America. Cycle Capital is composed of experienced investment professionals, strategic advisors, and industrial partners with in-depth knowledge of the sector. Cycle Capital has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto Alcan, Cascades, M3 Group, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette, and Hydro-Québec.
SOURCE: Cycle Capital Management
For further information: Andrée-Lise Méthot - 514-865-3620
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