Capital régional et coopératif Desjardins Partners with Boutique Le Pentagone Management in Rimouski Area

    MONTREAL, Sept. 4 /CNW Telbec/ - Capital régional et coopératif
Desjardins announced today that it is supporting a management buyout of
Boutique Le Pentagone inc. This $11 million buyout will keep ownership of the
company in the area it was founded. The investment bridges two generations of
entrepreneurs, enabling the company's founders to step down while safeguarding
their assets and the current management team to take the helm. Founded in
1974, Boutique Le Pentagone distributes and designs private labels under
three banners: Pentagone, F17 and LVV. In three decades, Pentagone has built a
solid reputation among apparel industry players and its client base. The
company currently employs nearly 750 people in 72 boutiques across Québec and
New Brunswick.
    "We're very proud to give Boutique Le Pentagone our third vote of
confidence," stated Yves Gagné, Vice-president, Major Investments and Company
Buyout at Desjardins. "It was actually my colleague Regional Manager Michel
Leclerc in Lower St. Laurence who was behind the first regional investment
deal with this company in 1995." Yves Gagné added that Capital régional et
coopératif Desjardins will not be in charge of operations of Boutique Le
Pentagone. "We're providing financial and strategic support to an experienced
and visionary management team. We know the organization's leaders well and
have been keeping close tabs on its development and growth. Given our
familiarity with the issues surrounding such a buyout, it was second nature
for us to put together a financial package perfectly tailored to the
situation," said Mr. Gagné.
    Founding entrepreneurs Charles Albert and Jean-Guy Ouellet are delighted
with the turn of events. "What we spent 30 years building is going to stay on
in our region and elsewhere with a solid, dynamic team with the skills to
develop Boutique Le Pentagone." In addition to the financing package, the
company's founders are particularly satisfied with the respect Desjardins has
demonstrated for their corporate culture. "Our management style has always
focused on people. Our organization has become what it is today because of the
people who work with us. It's crucial to respect all of these pioneers because
without them, none of this would've been possible."
    Yves Gagné stressed the importance of proper preparation for Québec
business transfers. In this respect, Mr. Gagné underscored the great care and
attention to detail of the founders of Boutique Le Pentagone in preparing this
key stage in a company's lifecycle. "These entrepreneurs have been organizing
and preparing their teams for this event for over two years. They have shown
great openness, and their goals regarding operational continuity have been
very clear. In particular, they expressed their desire to keep their head
office in the area. Their commitment to a smooth property transfer benefited
all involved," stated Mr. Gagné.
    Since its inception, Capital régional et coopératif Desjardins has
supported nearly 60 companies with business transfers. "Such a comprehensive
offering as Desjardins' giving entrepreneurs a single window to structure
these transactions cannot be matched, a fact that a number of satisfied Québec
entrepreneurs can already vouch for," concluded Yves Gagné.

    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
123,000 shareholders, 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 200 companies and
cooperatives in various industries spanning all Québec regions.

For further information:

For further information: Danièle Routhier, Manager, Public Affairs,
Desjardins Venture Capital, (514) 281-2211,

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