The Caisse de dépôt et placement du Québec is purchasing a stake in a France-based company, the Delachaux Group.
Operating in 35 countries, the Delachaux Group works in a variety of industrial and transportation areas, including engineered solutions dedicated to energy and data management systems and chromium metal production, as well as rail track services including fastening systems, track equipment and control and electrification.
“The Delachaux Group is a leader in sectors that serve as the building blocks of our global economy,” said Stéphane Etroy, executive vice-president and head of private equity at the Caisse, in a press release. “We are especially attracted by the company’s direct contribution to sustainable mobility and industrial efficiency, which are two areas that we deeply believe in and that are actively supporting through our investments.
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“The company’s strong culture of entrepreneurship and focus on growth over the last century have allowed it to continuously innovate, and these are aspects of its DNA that have been paramount to its success in an ever-changing world.”
Following the transaction, the Delachaux family will be consolidating its position as the company’s majority shareholder, the release. The Caisse is purchasing the stake from a private equity firm, CVC Capital Partners.
“I am pleased to welcome CDPQ as a long-term shareholder and want to thank CVC for their contribution to our development,” said Guy Talbourdet, chief executive officer of the Delachaux Group, in the release.
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“Since 2011, the group has significantly strengthened its positioning, stabilized the operational profile of its activities and made its business model even more flexible.
“I look forward to working alongside CDPQ and the Delachaux family as we open a new chapter in the group’s century-long history. With their support, the group would be ideally positioned to capture the full potential of its markets.”