Alongside other investors, the Caisse de dépôt et placement du Québec is investing in Top Aces Inc., an airborne training services provider. The Quebec-based company, which was founded in 2000 by a group of former fighter pilots, provides training to air forces around the world, aiming to enhance the operational readiness of combat forces. “Top Aces is a […]
The Caisse de dépôt et placement du Québec is regrouping all of its private equity activities in Quebec and abroad under the leadership of Charles Émond, who has been appointed executive vice-president, Quebec, private equity and strategic planning. The move comes after Stephane Etroy decided to step down from his role as executive vice-president and head […]
The Caisse de dépôt et placement du Québec is investing a further US$75 million in Azure Power Global Ltd., an independent solar power developer in India. Once the deal is approved by Azure shareholders, the investment will raise the Caisse’s stake in the company, from 41.4 per cent to 49.4 per cent. In October 2018, […]
The Public Sector Pension Investment Board and Aviva Investors are teaming up to invest £250 million in a commercial property in Cambridge, U.K. The agreement marks the second time the two organizations have teamed up on a real estate investment. In 2015, they invested in a portfolio of commercial properties in central London, currently valued at more than £400 million. […]
The Caisse de dépôt et placement du Québec is investing in La Coop Fédérée, the largest agri-food enterprise in Quebec and the only Canada-wide agricultural cooperative. The investment — alongside the Fonds de solidarité FTQ, Fondaction and Desjardins Capital — of $300 million takes the form of preferred shares. “The agri-food industry, at the very heart of people’s day-to-day […]
The Caisse de dépôt et placement du Québec is acquiring US$250 million in convertible debentures from Piramal Enterprises Ltd. The Indian financial and industrial group is active in financial services, pharmaceutical development and manufacturing and health-care information management. The pension fund’s real estate subsidiary, Ivanhoé Cambridge, initially invested in the organization in 2017 through a residential real estate co-investment […]
The Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan are partnering with Anurag Chandra, former chief executive officer of Prosperity Life Insurance Group, to launch Constellation Insurance Holding, a new platform focused on property and casualty and life insurer acquisitions and demutualizations. “Constellation plans to invest in stock and mutual […]
The Caisse de dépôt et placement du Québec is committing $50 million towards Quebec seed funds and is charging venture capital firm Teralys Capital with supporting the funds it invests in. Seed funds are venture capital funds dedicated to supporting new startups with financing and ongoing support. “Without a rich and dynamic startup ecosystem, there is a risk of considerably fewer […]
The Caisse de dépôt et placement du Québec’s real estate arm Ivanhoé Cambridge, along with real estate manager ICAMAP, is taking over EasyHotel, a European budget hotel chain. The hotel chain, which was started by the founder of EasyJet Airline Company Ltd., targets the super-budget segment of the market. It has a total of 39 hotels […]
The Caisse de dépôt et placement du Québec is making a US$50 million equity investment in San Francisco-based electric scooter share firm Bird Rides Inc. The organization operates electric scooters in more than 100 cities around the world. It’s currently expanding into Canada, with launches in Calgary and Edmonton earlier this year. And it undertook a 10-day […]