A private equity fund managed by Desjardins Capital de risque, in partnership with Vision Globale Inc., a Montréal provider of technical film and TV post-production services, acquired three high-profile movie-making enterprises – Studios Mel’s La Cité du Cinéma, Locations Michel Trudel and Les Génératrices Star (1997). While the total transaction value was not disclosed, Desjardins’ ownership interest was put at C$23 million. In September, Vision Globale also received an investment from Capital croissance PME, a fund managed by Desjardins and the Caisse de dépôt et placement du Québec.
Capital régional et coopératif Desjardins and Vision Globale acquire Studios Mel’s and Locations Michel Trudel
MONTREAL, Dec. 13, 2012 /CNW Telbec/ -
Capital régional et coopératif Desjardins (CRCD) and Vision Globale announce three acquisitions: Studios Mel’s and Locations Michel Trudel, a film and TV industry leader, and Les Génératrices Star (1997). This investment allows Vision Globale (visionglobale.com) to combine several production units under one roof, considerably expanding the line of products and services it provides clients from Québec and elsewhere. The ownership interest of CRCD (capitalregional.com) in this transaction amounts to $23 million. However, the total amount of the transaction remains confidential.
Vision Globale provides technical film and TV post-production services to producers, distributors, cable operators, companies and government agencies in Québec and the rest of Canada, and in the United States. By completing this acquisition, Vision Globale not only drives its growth in a highly competitive market, but also secures 500 quality jobs in Québec.
Marie-Claude Boisvert, Chief Operating Officer of Desjardins Business – Capital régional et coopératif, sees this new partnership as a great example of collective wealth creation. “Vision Globale is building the capacity to generate concrete economic benefits in Québec. The size of the business, the vision of president and founder Mathieu Lefebvre and a quality approach are strong assets in attracting local and foreign film productions to Montréal,” said Ms. Boisvert.
About Capital régional et coopératif Desjardins
With nearly 105,000 shareholders, Capital régional et coopératif Desjardins is a publicly traded company whose net assets total nearly $1,350 million. The company contributes to economic development by valuing and nurturing the best of Québec entrepreneurship. Directly or indirectly through partner funds, CRCD supports the growth of more than 300 companies, cooperatives and funds in various industries spanning all Québec regions. (capitalregional.com)
SOURCE: CAPITAL REGIONAL ET COOPERATIF DESJARDINS
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Capital régional et coopératif Desjardins
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