The Caisse de dépôt et placement du Québec is investing in an audiovisual and entertainment technology company.
The investment organization acquired a minority stake in the Montreal-based Solotech to support its acquisition and organic growth strategy designed for expansion in new markets, according to a press release.
“With this investment — the largest in the last decade for Solotech — [the Caisse] will support the company in its next growth stage,” said Kim Thomassin, executive vice-president and head of Quebec at the Caisse, in the release.
Read: CPPIB sells $2BN worth of fund interests, Caisse invests in Quebec media company
In other news, the Ontario Teachers’ Pension Plan is investing in the Australian agriculture market by creating a strategic partnership with Montague, a fruit grower, packer and marketer.
Pomona Valley, one of the pension fund’s subsidiary, will acquire a majority equity interest in the company before merging with Montague. This will align with the Ontario Teachers’ existing Australian agriculture subsidiary AustOn Corp., according to a press release.
“Ontario Teachers’ and AustOn have a proven track record in investing in the farming sector both in Australia and worldwide and we are focused on using this experience to deliver long-term, sustainable growth of Pomona Valley and Montague as a merged business,” said Christopher Metrakos, senior managing director of natural resources at the Ontario Teachers’, in the release.