The Caisse de dépôt et placement du Québec and the government of Quebec are adding to their previous investment in electric vehicle charging company AddEnergie Technologies Inc. The Quebec-based company manufactures charging stations and develops network management software for other organizations. The Caisse and the provincial government initially invested in the business in 2016 to help it expand across Canada. […]
The Caisse de dépôt et placement du Québec is appointing two executives to its global strategy team. Martin Coiteux will be chief economist and Charles Émond will take on the role of executive vice-president of Quebec and global strategic planning. “Mr. Coiteux and Mr.Émond have a deep understanding of Quebec and global markets,” said Michael Sabia, president and chief […]
The Caisse de dépôt et placement du Québec will make additional investments in Metro Supply Chain Group Inc., a Canadian third-party logistics services provider. The pension fund initially invested in the company in April 2018 when it began acquiring logistical and distribution companies linked to the e-commerce sector. “We are pleased to continue and strengthen […]
The Caisse de dépôt et placement du Québec, alongside equity firm Georgian Partners, is investing $45 million in Montreal-based technology startup TrackTik Software Inc. TrackTik, which provides cloud-based management software to security service companies, will use the financing to develop new products in artificial intelligence and machine learning technologies, with the aim of simplifying operations and maximizing profitability for […]
The Public Sector Pension Investment Board is buying 32 per cent of Wittur International Holding, an elevator components manufacturer. Purchasing the stake from funds controlled by Bain Capital Private Equity, PSP Investments intends to work closely with Bain Capital to enhance Wittur’s international expansion. “We are excited to partner with Wittur’s team and Bain Capital Private Equity for the […]
The Caisse de dépôt et placement du Québec’s real estate arm is forming a second investment vehicle for projects in the province’s urban centres. Ivanhoé Cambridge is partnering with investment firm Claridge Inc., as well as local developers, to grow its real estate portfolio in Montreal and Quebec City. Read: Ivanhoé Cambridge launches joint venture in Brazilian logistics […]
The Caisse de dépôt et placement du Québec is lending $150 million to SSQ Life Insurance Co. Inc. SSQ Insurance, a large insurance and investment company based in Quebec, is aiming to use the loan to carry out its strategic plan, which focuses on innovation, digital transformation and Canada-wide development. Read: Caisse invests in Quebec insurance company, takes stake […]
The Caisse de dépôt et placement du Québec, along with the Republic of Colombia and infrastructure financier Financiera de Desarrollo Nacional, is launching an infrastructure co-investment platform. “We are very pleased to invest in Colombia with the private capital fund created by the FDN and pension fund administrators,” said Michael Sabia, president and chief executive officer of the […]
The Caisse de dépôt et placement du Québec and Brookfield Business Partners is acquiring 100 per cent of Johnson Controls’ power solutions business for about $17.5 billion. The business produces batteries for global automakers and aftermarket distributors and retailers for use in nearly all types of vehicles, including hybrid and electrical models. “This transaction enables us […]
The Caisse de dépôt et placement du Quebec’s real estate investment arm, together with Prologis Inc., is launching a joint real estate venture in Brazil. The Prologis Brazil logistics venture will aim to develop and operate Brazilian logistics spaces in São Paulo and Rio de Janeiro, acquiring an initial portfolio of 641,030 square metres of operating properties along with more […]