La Caisse, Capital croissance PME and BDC Capital invest in DERYtelecom successor

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Caisse de dépôt et placement du Québec, Capital croissance PME (CCPME) and BDC Capital are investing $15 million in DERYtelecom to facilitate a transfer of ownership within the company and reinforce its growth projects. DERYtelecom is a company well established for more than 60 years and provides cable, Internet and telephone services to 98 municipalities throughout the regions of Saguenay—Lac-Saint-Jean, Charlevoix, Portneuf, Beauce, Bas-Saint-Laurent, Outaouais and Lanaudière. La Caisse, Capital croissance PME – an investment fund capitalized in equal shares by la Caisse and Capital régional et coopératif Desjardins – and BDC Capital are each investing $5 million in the form of subordinated debt. false false false ABOUT DERYTELECOM An integrated communication company focused on regional development, DERYtelecom serves 83,000 households in eight regions of Québec in digital and HD television, high-speed Internet access and residential phone services. It has close to 100,000 customers and has a staff of more than 300 employees, most of whom are based in the La Baie head office in Saguenay. 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 December 31, 2015, it held $248.0 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. ABOUT CAPITAL CROISSANCE PME Capitalized in equal shares by Capital régional et coopératif Desjardins and Caisse de dépôt et placement du Québec, Capital croissance PME is an investment fund whose primary mission is to provide patient capital to Québec SMEs to carry out a variety of expansion, research and development, corporate acquisition and productivity optimization projects. In the form of subordinated debt between $100,000 and $5 million, the fund pays particular attention to the economic development of companies located in regional municipalities. It is managed by Desjardins Business Capital régional et coopératif. ABOUT BDC CAPITAL A subsidiary of BDC, BDC Capital offers a full spectrum of specialized financing and investment solutions to help Canadian entrepreneurs achieve their full growth potential. With more than $1.6 billion under management, BDC Capital takes a strategic, patient approach to nurture companies’ development over the long term. From venture capital to equity to growth and transition capital, our team of over 100 experienced, local professionals partner with entrepreneurs to identify and meet their needs on flexible terms. Some of the sectors in which we specialize include IT, industrial/clean/energy technology, and healthcare. For more information, please visit www.bdccapital.ca or follow us on Twitter at @BDC_Capital. false false false