Caisse de dépôt and Desjardins Invest C$18.6M in Québec SMEs


A private equity fund of the Caisse de dépôt et placement du Québec and Desjardins Capital de risque made investments totaling C$18.6 million in small businesses in Québec. This activity, which took place from May to September and involved a range of companies, including Fibres Serden, Inc., a Saint-Hyacinthe-based manufacturer of van-style trucks. Investments were made through Capital croissance PME, a fund formed by the Caisse and Desjardins in 2010.

PRESS RELEASE

Capital régional et coopératif Desjardins and the Caisse de dépôt et placement du Québec invest $18.6 million in Québec

Montréal (QC), December 4, 2012 – Between May and September 2012, Capital régional et coopératif Desjardins and the Caisse de dépôt et placement du Québec have jointly invested $18.6 million in companies throughout Québec. The investments were made by the Capital croissance PME fund created in 2010. The fund offers small and medium-sized businesses the opportunity to pursue their expansion and growth projects.

More than 100 Québec companies have benefited from the program

With this series of new investments, more than 100 Québec companies have now benefited from the Capital croissance PME program. To date, under their agreement, Desjardins Group and the Caisse de dépôt et placement du Québec have jointly invested close to $150 million in about 110 Québec companies.

“These investments meet certain needs of Québec companies related to their modernization or growth or even the expansion of their operations locally or abroad,” said Luc Houle, Senior Vice-President, Investments, at the Caisse de dépôt et placement du Québec.“This partnership enables the Caisse’s ability to optimize its offering to promising small companies throughout Québec, while generating returns for its depositors.”

According to Marie-Claude Boisvert, Chief Operating Officer of Desjardins Venture Capital, which manages Capital régional et coopératif Desjardins, the positive results in the first two years of existence of this financial lever prove that the entrepreneurial spirit is very much alive and well in Québec. “We’ve supported more than 100 entrepreneurs whose ideas and talent have enabled them to capitalize on the resources we offer. There’s a fresh wind blowing through the regions, and the impacts are increasingly visible.”

Companies financed in recent months

Autobus Dionne
Autobus Dionne, formerly known as Transport A.S.D., manages a fleet of specialized vehicles used for school transport, paratransit, public transit and charter service. This Rimouski company serves the Bas-Saint-Laurent region with about 30 employees.

Autobus Dufresne inc.
This transportation company, whose head office is in Sainte-Martine in the Montérégie region, has about 40 employees. Autobus Dufresne was established in 1956 and specializes in school and inter-municipal transportation.

Bonneterie Richelieu (Montréal)
The Montréal-based company produces and distributes socks for men, women, children and babies, in addition to tights. Established in 1934, Bonneterie Richelieu has over 100 employees currently working at its head office and in its branches in Ontario and North Carolina.

VU optometry clinic
Located in Thetford Mines, VU is an optometry clinic that sells glasses, contact lenses and related accessories. The head office is located in Clermont, in the Charlevoix region. Approximately 20 employees are ensure that the company runs smoothly.

DEK Canada
The Dorval-based company is a major distributor and manufacturer of parts for automated garage doors and gates. DEK Canada, established in 1960, has close to 15 employees.

Entreprises D’Auteuil et fils inc.
Les Entreprises D’Auteuil et fils inc. was established in Baie-des-Sables in the Bas-Saint-Laurent region. In business for over 35 years, the company specializes in civil engineering works and heavy machinery leasing. Les Entreprises D’Auteuil et fils has approximately 50 employees.

Fibres Serden inc.
The Saint-Hyacinthe-based company manufactures boxes for van-style trucks for the Maranda brand. Close to 60 employees work at Fibres Serden, established in 2004.

Gesdix
Established in 1986, this thriving company manages a Montmagny-based residence for autonomous seniors. Gesdix has 35 employees.

Gestion Vision Globale
The solidly established Montréal company has been providing an integrated solution for selling new and used text books to schools since 1998. Gestion Vision Globale, which has successfully implemented its text book sales system in more than 15 different branches, and counts on its 60-some employees as it continues to expand.

GEM Experts en sinistres
Formerly known as Gestions F. Dumouchel ltée, this company specializes in assessments following claims. Approximately 30 employees work in the company’s offices in Montréal, Québec City and the Saguenay.

Innotex inc.
This Richmond-based company, in the Centre-du-Québec region, specializes in the manufacture of fire-retardant apparel and exports its products internationally. Established in 1999, Innotex has 110 employees.

Photo courtesy of ShutterStock

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