Click here to close now.

SYS-CON MEDIA Authors: Liz McMillan, Pat Romanski, Carmen Gonzalez, Kevin Jackson, Peter Silva

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
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
of cloud, colocation, managed services and disaster recovery solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. TierPoint, LLC, is a leading national provider of information technology and data center services, including cloud, colocation, disaster recovery and managed IT services, with corporate headquarters in St. Louis, MO. TierPoint was formed through the strategic combination of some of t...
SYS-CON Events announced today that Column Technologies, a global technology solutions company, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Established in 1998, Column Technologies is a leader in application performance and infrastructure management for commercial and federal markets. The company is headquartered in the United States, with a diverse and talented team of more than 350 employees around th...
Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable o...
SYS-CON Events announced today that Ciqada will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Ciqada™ makes it easy to connect your products to the Internet. By integrating key components - hardware, servers, dashboards, and mobile apps - into an easy-to-use, configurable system, your products can quickly and securely join the internet of things. With remote monitoring, control, and alert messaging capability, you will mee...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applicatio...
Public Cloud IaaS started it's life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in ado...
Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp (kintone US). Based in the San Francisco Bay Area, Dave has been on the forefront of the Cloud revolution driving strategic business development on the executive teams of multiple leading Software as a Services (SaaS) ap...
The best mobile applications are augmented by dedicated servers, the Internet and Cloud services. Mobile developers should focus on one thing: writing the next socially disruptive viral app. Thanks to the cloud, they can focus on the overall solution, not the underlying plumbing. From iOS to Android and Windows, developers can leverage cloud services to create a common cross-platform backend to persist user settings, app data, broadcast notifications, run jobs, etc. This session provide...
SYS-CON Events announced today that BroadSoft, the leading global provider of Unified Communications and Collaboration (UCC) services to operators worldwide, has been named “Gold Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BroadSoft is the leading provider of software and services that enable mobile, fixed-line and cable service providers to offer Unified Communications over their Internet Protocol networks. The Compa...
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of C...
ProfitBricks, the provider of painless cloud infrastructure IaaS, today released its SDK for Ruby, written against the company's new RESTful API. The new SDK joins ProfitBricks' previously announced support for the popular multi-cloud open-source Fog project. This new Ruby SDK, which exposes advanced functionality to take advantage of ProfitBricks' simplicity and productivity, aligns with ProfitBricks' mission to provide a painless way to automate infrastructure in the cloud. Ruby is a genera...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
DevOps tasked with driving success in the cloud need a solution to efficiently leverage multiple clouds while avoiding cloud lock-in. Flexiant today announces the commercial availability of Flexiant Concerto. With Flexiant Concerto, DevOps have cloud freedom to automate the build, deployment and operations of applications consistently across multiple clouds. Concerto is available through four disruptive pricing models aimed to deliver multi-cloud at a price point everyone can afford.