Welcome!

News Feed Item

Fonds Capital croissance PME - La Caisse de dépôt et placement du Québec and CRCD invest nearly $200 million in 186 Québec companies

MONTREAL, March 27, 2014 /CNW Telbec/ - In less than three years, close to $200 million has been invested in 186 companies across Québec in the first phase of the Capital croissance PME (CCPME) fund, according to its sponsors, Capital régional et coopératif Desjardins (CRCD) and La Caisse de dépôt et placement du Québec (CDPQ). Established in 2010, the fund offers small and medium-sized businesses financing for growth, expansion, transfers or acquisitions.

"Today, we celebrate the success of this initiative, which has supported the growth of so many small Québec businesses," said Normand Provost, Executive Vice-President, Private Equity, at La Caisse de dépôt et placement du Québec. "Given these outstanding results, it goes without saying that we will renew our investment in the Capital croissance PME fund to further support the today and tomorrow's champions from all regions."

Marie-Claude Boisvert, Chief Operating Officer of Desjardins Business Capital régional et coopératif, believes CCPME has fulfilled its promises in every respect. "When we created this financial lever, we wanted to provide entrepreneurs with patient, flexible capital, available everywhere in the regions. The entrepreneurs were there and took advantage of the resources made available to them. Their projects have had a noticeable effect on local economies."

A significant impact on Québec regions

After three years of sustained activity, Capital croissance PME has supported various business projects that have proven to be a boost for all regional economies.

Regions Number of businesses
supported
Total amount by region
in millions of dollars
Abitibi-Témiscaminque 14 $9
Bas-St-Laurent/Gaspésie/Îles-de-la-Madeleine 8 $5.3
Capitale-Nationale 12 $7.4
Centre-du-Québec 7 $10.7
Chaudière-Appalaches 15 $10.2
Côte-Nord 15 $11.9
Eastern Townships 11 $10.7
Mauricie 8 $9
Montérégie 28 $35.2
Montreal/Laval/Lanaudière/Laurentians 31 $53.8
Nord-du-Québec 9 $2.7
Outaouais 2 $3.5
Saguenay-Lac-Saint-Jean 26 $20
Total 186 $190


Tangible results, Some examples of tangible results:

A new life for Récupère Sol - Saguenay-Lac-Saint-Jean

  • CCPME assisted in the purchase of Récupère Sol inc. (RSI) by its executive director, Jean-François Landry. Founded in 1992, RSI specializes in the remediation of contaminated soil. It employs 45 people at its plant in Saint-Ambroise and generates about $6 million in spinoffs annually in Saguenay-Lac-Saint-Jean.

Sherbrooke OEM becomes 100% Québec-owned - Eastern Townships

  • With the help of Capital régional et coopératif Desjardins and La Caisse de dépôt et placement du Québec, Sherbrooke OEM, a company specializing in the design, manufacturing and integration of custom recycling equipment, has bought back shares held by U.S. interests, thus becoming a 100% Québec-owned company. This has ensured the maintenance and creation of quality jobs in Sherbrooke.

Supported innovation at Productions horticoles Demers - Chaudière-Appalaches

  • The support of CCPME was a tremendous stimulus for innovation at Productions horticoles Demers, a Lévis company specializing in the production of greenhouse tomatoes and berries. The company built a new greenhouse in Saint-Nicéphore, near Drummondville, which is kept warm by heat recovered from a cogeneration plant fuelled by biogas.

A passport to new horizons for LVL Studio - Montréal

  • LVL Studio is a Montréal company specializing in the design and development of services and applications for the world of television and media content. CCPME enabled the company to refine its products and services, propelling it to become one of the most innovative of its industry, which has allowed it to win many large contracts.

Successful acquisition by Groupe MBI - Central Québec

  • Capital croissance PME helped Michel Blanchette, President of Groupe MBI, of Bécancour, acquire a share in the ownership of Reftch international in order to diversify its range of products and services. Groupe MBI specializes in the field of masonry and refractory brick and now has 11 satellite companies. This family-owned company has four main partners: Michel Blanchette, his son Luc, his brother Pierre and his cousin Marc. Other members of the family are active in the development of this solid international company, which employs more than 300 people here and abroad.

Already $7.6 million committed to nine companies through CCPME II fund
CRCD and the CDPQ are also announcing their agreement to new the Capital croissance PME ll fund. The two sponsors have recently renewed their partnership and the fund's operations were launched in January 2014. With market capitalization of $230 million ($115 million per sponsor), CCPME ll aims to meet the financial needs of Québec companies, primarily in the form of subordinated loans of less than $5 million. In this way, CCPME ll will continue the mission of supporting economic development and the growth of small and medium-sized businesses. As at February 28, nine companies already obtained financing from this new phase, totalling $7.6 million.

About La Caisse de dépôt et placement du Québec
La 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, 2013, it held $200.1 billion in net assets. As one of Canada's leading institutional fund managers, La Caisse invests in major financial markets, private equity, infrastructure and real estate, globally. For more information: www.lacaisse.com.

About Capital régional et coopératif Desjardins
With over 100,000 shareholders and $1,471 million in net assets, Capital régional et coopératif Desjardins (CRCD) is a public company managed by Desjardins Business Capital régional et coopératif. CRCD contributes to Québec economic development through several levers developed with its manager, with CRCD as the driving force. These levers form CRCD's entrepreneurial ecosystem designed to value and nurture the best of Québec entrepreneurship. Directly or indirectly through its ecosystem, CRCD supports the growth of over 360 businesses, cooperatives and funds in various industries spanning all Québec regions, helping to create and retain 47,000 jobs. (www.capitalregional.com)

SOURCE Caisse de dépôt et placement du Québec

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
VeriStor Systems has announced that CRN has named VeriStor to its 2017 Managed Service Provider (MSP) 500 list in the Elite 150 category. This annual list recognizes North American solution providers with cutting-edge approaches to delivering managed services. Their offerings help companies navigate the complex and ever-changing landscape of IT, improve operational efficiencies, and maximize their return on IT investments. In today’s fast-paced business environments, MSPs play an important role...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.