Caisse de dépôt et placement du Québec said it recently acquired 5.84 million additional shares in SPIE SA, a French provider of multi-technical services to the energy and communications sectors.
The investment was valued at 100 million euros ($150 million).
The Caisse, a Canadian pension system, has invested 280 million euros ($422 million) in the company since 2011.
Established in 1900, Paris-based SPIE operates from 600 locations in 38 countries.
CDPQ reinvests EUR 100 million in SPIE
Montréal, August 23, 2018
La Caisse de dépôt et placement du Québec (“CDPQ”), a leading global institutional investor, today announced that it reinvested EUR 100 million in SPIE, the independent European leader in multi-technical services in energy and communications, through the acquisition of 5.84 million additional shares in the past few weeks.
“Being a shareholder since 2011, we have learned about SPIE’s fundamentals, which contribute to the company’s success: the quality of its services, the soundness of its business model, and the experience of its management team,” said Stephane Etroy, Executive Vice-President and Head of Private Equity, CDPQ. “With this new investment, we are pleased to continue supporting the company’s growth over the long term.”
Since 2011, CDPQ has invested close to EUR 280 million in the company.
As the independent European leader in multi-technical services in the areas of energy and communications, SPIE supports its customers in designing, building, operating and maintaining energy-efficient and environmentally-friendly facilities. With more than 46,500 employees and a strong local presence, SPIE achieved in 2017 consolidated revenues of €6.1 billion and consolidated EBITA of €388 million.
ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2018, it held CA$308.3 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.
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