The Caisse de dépôt et placement du Québec is investing $50 million in Canadian construction company Pomerleau Inc. The investment, which makes the Caisse a minority shareholder in the company, aims to allow Pomerleau to follow through with its expansion strategy targeting new opportunities for growth, as well as to innovate, equip itself with better tools […]
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 […]
Cadillac Fairview Corp. Ltd. has announced the construction of a new 46-storey office tower on Front Street West in Toronto that will house its owner, the Ontario Teachers’ Pension Plan, as the inaugural tenant. As a result, Ontario Teachers’ will relocate its head office from North York. “Toronto is a vibrant and international city, and […]
Luge Capital, a venture capital fund backed by the Caisse de dépôt et placement du Québec, has completed a round of financing worth $75 million in order to begin its operations. The fund, which focuses on early-stage financial technology companies and artificial intelligence solutions applied to the financial services sector, first announced last fall that it had […]
The British Columbia Investment Management Corp. and Australian institutional funds manager IFM Investors are entering into an agreement with the Ontario Teachers’ Pension Plan to become equity partners in a Vancouver-based container terminal operator. Ontario Teachers’ will continue to hold 37.5 per cent of GCT Global Container Terminals Inc., with IFM acquiring 37.5 per cent and […]
The Caisse de dépôt et placement du Québec is joining the Quebec government and Investissement Québec in financing a distribution facility for retailer La Maison Simons. The Caisse’s investment totals $27 million, with $17 million coming from Investissement Québec. In addition, the Quebec government is lending Simons $81 million, $51 million of which is for the purchase of automated […]
The Caisse de dépôt et placement du Québec is increasing its stake in Chicago-based Invenergy to a 52.4 per cent ownership of the company. The company has developed renewable energy projects producing about 14,000 megawatts of power, including wind and solar power generation facilities, as well as advanced energy storage, around the world. “CDPQ is leading […]
The Caisse de dépôt et placement du Québec is selling its 17,628,911 remaining shares of Quebecor Media Inc. back to Quebecor Inc. for $1.69 billion, representing 18.47 per cent stake in the company. The media organization operates broadcasters, publications and an internet access provider among other assets in Quebec. The agreement marks the final chapter in Quebecor’s plan to gain […]
Investments from pension funds accounted for 25 per cent of Canadian investment in the Asia-Pacific region between 2013 and 2017. Their share was up from just one per cent between 2003 and 2007, according to a new report. The report, released by the Asia Pacific Foundation of Canada, found that between 2003 and 2017, Canadian […]
The Caisse de dépôt et placement du Québec is entering into a financing agreement with Metro Supply Chain Group Inc., an Ontario-based third-party logistics services provider. While the pension fund didn’t disclose the terms of the financing, a press released noted Metro intends to use the capital to pursue further growth, particularly in business acquisitions. The […]