Capital croissance PME’s capital base reaches over half a billion dollars

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Capital régional et coopératif Desjardins (CRCD) and Caisse de dépôt et placement du Québec have announced a $90-million reinvestment in Capital croissance PME (CCPME), a fund created to support SMEs in all regions of Québec. The new investment brings the fund’s total capitalization to $540 million. Since its launch in 2010, CCPME has helped fund 322 Québec companies, including 247 SMEs (77%) located outside of Montréal and the Capitale-Nationale region. Capitalized in equal shares by la Caisse and CRCD, the fund offers SMEs across Québec financing for growth. For these companies, CCPME aims to meet needs of less than $5 million. false false false A few investments in 2016 In 2016 alone, CCPME supported close to 70 companies, including 31 in resource regions. Growth Cryos Technologies, Joliette, Lanaudière Aided by Capital croissance PME, Cryos Technologies has acquired state-of-the-art production technology to better take on the North American podiatric orthotics market. Cryos Technologies designs and manufactures dynamic plantar orthotics along with its patented CryoVizion medical imaging system. Cryos works with some 40 clinics in Québec and Ontario. Expansion Rotoplast, East Farnham, Montérégie Thanks to support from Capital croissance PME, Rotoplast was able to expand by acquiring Ontario-based ACO Container Systems, a maker of plastic industrial storage tanks. Rotoplast now employs some 50 people. Acquisition Gestion Brasa, Rimouski, Bas-Saint-Laurent Capital croissance PME enabled Gestion Brasa to acquire Porcupine Trailers Ltd. Gestion Brasa is a management company that owns a number of manufacturers in Québec and Ontario, including Groupe Fabnor, Trailex, Caravane Rimouski, Deloupe and Porcupine Trailers. Transfer Orientech, Lachute, Laurentides CCPME is supporting the gradual family transfer of Orientech, a provider of turnkey solutions for automatic orientation (positioning) and assembly systems. Since coming on board, CCPME has facilitated the buyout of a company shareholder and has worked with the two current shareholders—a father and son—as the latter gradually takes over the business. false false false ABOUT CAPITAL RÉGIONAL ET COOPÉRATIF DESJARDINS With more than 104,000 shareholders, Capital régional et coopératif Desjardins (CRCD) is a public company with $1,789 million in net assets. CRCD contributes to Québec economic development through several levers developed with its manager, Desjardins Business Capital régional et coopératif. These levers, with CRCD as the driving force, form its entrepreneurial ecosystem designed to value and nurture the best of Québec entrepreneurship. Through its ecosystem, CRCD supports the growth of nearly 420 businesses, cooperatives and funds in various industries spanning all Québec regions, helping to create and retain more than 71,300 jobs. (www.capitalregional.com or our LinkedIn page) ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2016, it held $254.9 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure and real estate. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.