Capital régional et coopératif Desjardins (CRCD) has acquired a minority equity position in Textiles Amalgamated Inc, a specialist in the design and distribution of home fashion products, including window curtains and decorative fabrics. No financial terms were disclosed. Founded in 2001, Montréal-based Textiles Amalgamated sells its products in retail chains across Canada and the United States. CRCD, managed by Canadian private equity firm Desjardins Capital de risque, raised $150 million from retail investors in 2015.
INVESTMENT NOTICE (reproduced courtesy of Capital régional et coopératif Desjardins)
Minority equity participation
30 Nov 2015
Capital régional et coopératif Desjardins acquires a minority position in Montreal-based Textiles Amalgamated.
Founded in 2001 in Montreal, Textiles Amalgamated Inc. specializes in the design and distribution of home fashion products including window curtains and decorative fabrics for the residential sector. Their products can be found at major retail chains in both Canada and the United States.
CAPITAL RÉGIONAL ET COOPÉRATIF DESJARDINS:
Capital régional et coopératif Desjardins (CRCD) has a real affinity for SMEs. Since its inception in 2001, CRCD, a public corporation, has actively participated in Québec’s economic development. Together with its manager, Desjardins Business Capital régional et coopératif, CRCD has deployed innovative and unparalleled solutions in the entrepreneurial market in the form of various partnerships that now form its ecosystem. With over 100,000 shareholders and net assets of $1,593 million, CRCD is a lever of choice for cooperatives and regional SMEs seeking to achieve their full potential. As at June 30, 2015, CRCD and its ecosystem supported the growth of 388 companies, cooperatives and funds in various industries spanning all Québec regions, while helping to create and retain 62,000 jobs.
INVESTMENT MANAGEMENT TEAM:
Senior investment Manager
Associate vice-president, Equity
Managing Vice-president, Investments
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