Capital croissance PME II made a $750,000 investment in a recent acquisition by Oboxmedia Inc, a Montréal-based premium publisher network and digital advertising company. In November 2015, Oboxmedia bought the digital properties and online ad network of NewAd Media Inc, an indoor advertising business also based in Montréal. No financial terms were released. Capital croissance PME II is a $230 million 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)
Jan 13, 2016
Oboxmedia teams up with the Capital croissance PME fund for its project to acquire a portion of the assets of NewAd Media.
Founded in 2009, Oboxmedia is a premium publisher network and digital advertising company. Oboxmedia’s current roster of owned and operated sites in Canada includes Mashable, Variety, Rovio, Roblox, Trois fois par jour, HollywoodPQ, GuideAuto, among others. Oboxmedia’s offices in Montréal and Toronto employ some 20 employees. www.oboxmedia.com
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:
819 821-3220, ext. 7212003
Associate Vice-president, Technology
Managing Vice-president, Investments
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