MONTREAL, April 29 /CNW Telbec/ - Stageline Group and the Caisse de dépôt
et placement du Québec announced today that the Caisse had provided the Québec
firm with $4 million for expansion of its operations on the U.S. and
international markets. This amount, provided by the Caisse's Private Equity
group, will give Stageline Group a financial framework that will enable it to
increase its geographic coverage, deploy its rental fleet in the U.S. market
and develop its international sales operations. Stageline specializes in the
design, manufacture, rental and sale of hydraulically operated mobile stages.
"In recent years we have invested substantial amounts to ensure our
expansion, and the recent tightening of credit conditions has placed
additional pressure on our liquidity requirements. We're very pleased that the
Caisse has decided to assist us despite the economic conditions," stated Lise
Morissat, President and Chief Operating Officer of Stageline Group.
"Their innovative financial solution will enable us to continue to grow
by expanding our operations on the U.S. and foreign markets, in line with the
strategy we adopted several years ago," added Yvan Miron, Chairman and Chief
Executive Officer of Stageline Group and Founding President of Stageline, its
design and manufacturing unit.
The Québec company's stages are used for more than 10,000 events each
year in about 30 countries. Stageline Group recently inaugurated a new
facility in L'Assomption in the Lanaudière region to increase its production
capacity. In 2008, the company moved into this new "green factory," a
LEED-compliant industrial building ranked second in Canada and first in Québec
for its energy performance. Since its first mobile stage prototype was
launched in 1987, the company has expanded its product range with a sustained
research and development effort.
"A leader in its field, Stageline Group has a solid business plan and
strong growth potential," stated Normand Provost, the Caisse's Executive
Vice-President, Private Equity. "We at the Caisse are pleased to support the
expansion of a company that has been active in product design and enhancement
for 20 years. The company also recently developed an innovative product for
the mobile marketing niche."
In a context in which credit is less accessible, the Caisse continues to
sustain local companies with financing solutions whose objectives include
facilitating their growth and market development.
About Stageline Group
Stageline Group is the world's leading designer and manufacturer of
hydraulic covered mobile stages. The firm also builds hydraulically operated
mobile structures for mobile marketing and promotional activities. Its
subsidiary MSR Mobile Stage Rentals offers tour logistics and stage-rental
services across North America. MSR Mobile Stage Rentals, the largest company
of its kind, consists of a network of rental centres located in many large
North American cities that together offer a fleet of more than 80 units.
Stageline Group employs more than 150 people at its two L'Assomption
facilities and leverages a steady pool of subcontractors in Canada and the
United States. For more information: www.stageline.com
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. It held $120.1 billion of net assets as at December 31, 2008. The
Caisse is world-class fund manager that invests in the main financial markets
as well as in private equity and real estate. The Caisse is one of the largest
investors in Québec, with direct and indirect investments in almost 500
companies and more than 600 buildings in the province. For more information:
For further information:
For further information: Stageline Group: Jean-Marc Simard, Simard Hamel
Communications, (514) 287-9811, ext. 11, Cell.: (514) 248-5385; Caisse de
dépôt et placement du Québec: Maxime Chagnon, Director, Media Relations, (514)