Capital croissance PME has invested $1.5 million in the shareholder buyout of IGA Marché Leblanc, a Mont-Laurier, Québec-based grocery operating under the IGA supermarket brand. With the deal, Martine Vaillancourt and Michel Therrien became the new owners. Michel Therrien also acquired the building that houses the store. Capital croissance PME II is a private equity fund jointly sponsored by Capital régional et coopératif Desjardins and the Caisse de dépôt et placement du Québec.
INVESTMENT NOTICE (reproduced courtesy of Capital régional et coopératif Desjardins)
Shareholder buyout and real estate acquisition $1,500,000
09 Feb, 2016
Backed by the Capital croissance PME fund, Martine Vaillancourt and Michel Therrien have become the new owners of IGA Marché Leblanc in Mont-Laurier. In a follow-through stroke, Michel Therrien has acquired the building that houses the grocery store.
Marché Leblanc has been a tradition on Mont-Laurier’s foodscape since 1933. Founded by Pierre Leblanc and operating under the IGA banner, the business employs over 150 people. www.iga.net
CAPITAL CROISSANCE PME II:
Capital croissance PME, the combined strength of Capital régional et coopératif Desjardins and the Caisse de dépôt et placement du Québec, is an investment fund with the primary mission of providing patient capital to Québec SMEs to carry out a variety of expansion projects. It strives in particular to keep SME ownership in Québec as entrepreneurs start thinking about taking their retirement. Managed by Desjardins Business Capital régional et coopératif, CCPME is designed to meet the financing needs of Québec companies, primarily in the form of subordinated loans of less than $5 million. www.capitalcroissancepme.com
INVESTMENT MANAGEMENT TEAM:
819 825-2843, ext. 7252226
819 762-0966, ext. 7012312
819 376-6900, ext. 233
Vice-president, Subordinated Debt
418 723-4794, ext. 7153245
Managing Vice-President, Investments
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