MONTRÉAL, Dec. 13, 2012 /CNW Telbec/ - The Caisse de dépôt et placement
du Québec announced a $5.7-million investment in Morgan Schaffer, a
Québec company recognized as a world leader in transformer monitoring
The Caisse carried out this new investment by way of a loan and a
private equity placement. In particular, the investment will enable
Morgan Schaffer—of which the Caisse has been a partner since 1999—to
finance various international expansion projects.
"We are very pleased to be contributing to the success of a
long-standing partner such as Morgan Schaffer, an innovative Québec
company with an international reputation," said Normand Provost,
Executive Vice-President, Private Equity, at the Caisse. "The Caisse is
constantly looking for opportunities to invest in medium-sized
businesses presenting solid track records and good growth prospects."
"The support from a long-term investor like the Caisse has significantly
contributed to the growth of our company over the years," emphasized
Richard Bérubé, Chief Executive Officer of Morgan Schaffer. "For a
company like ours, innovation and exports are critical to our success.
It is therefore important to work with a financial partner that has a
deep understanding of the nature of our operations and our industry."
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, 2011, it held $159 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: www.lacaisse.com.
SOURCE: CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
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