Caisse increases investment in engineering firm

The Caisse de dépôt et placement du Québec has made an additional equity investment of €100 million ($139 million) in SPIE, a European engineering firm, which recently had its initial public offering on the Paris Stock Exchange.

“The Caisse’s additional investment aims to enhance the company’s financial flexibility and support its development strategy and growth that is both organic and acquisition-based,” says Andreas Beroutsos, Executive vice-president, private equity at la Caisse.

The Caisse has been one of SPIE’s major shareholders since its initial investment in 2011.

SPIE offers electrical, mechanical and heating, ventilating, and air conditioning engineering services, as well as specialized energy services.

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