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
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, 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. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
SYS-CON Events announced today that Catchpoint, a leading digital experience intelligence company, has been named “Silver 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. Catchpoint Systems is a leading Digital Performance Analytics company that provides unparalleled insight into your customer-critical services to help you consistently deliver an amazing customer experience. Designed for digital business, C...
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.