La Caisse invests in Spectra Premium to reorganize the share ownership, in partnership with Fondaction CSN and the Fonds de solidarité FTQ
Sector: Automotive • Location: Canada
Source: Caisse de dépôt et placement du Québec
As part of a purchase of certain shareholders’ stakes led by Caisse de dépôt et placement du Québec (CDPQ), la Caisse, Fondaction CSN and the Fonds de solidarité FTQ today announced the acquisition of an equity interest in Spectra Premium Industries. La Caisse invested $28.3 million, while Fondaction invested $15 million. The Fonds de solidarité FTQ, main shareholder of Spectra Premium, injected a
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Status
Original status | unknown |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
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Description
Description | As part of a purchase of certain shareholders’ stakes led by Caisse de dépôt et placement du Québec (CDPQ), la Caisse, Fondaction CSN and the Fonds de solidarité FTQ today announced the acquisition of an equity interest in Spectra Premium Industries. La Caisse invested $28.3 million, while Fondaction invested $15 million. The Fonds de solidarité FTQ, main shareholder of Spectra Premium, injected an additional $2 million into the Boucherville company. Jacques Mombleau, President and Chief Executive Officer of Spectra Premium, remains a shareholder of the company. The vice-presidents, who are investing as part of the reorganization, also become shareholders. Spectra Premium is a North American leader in the design, manufacturing and distribution of automotive components for the aftermarket, in addition to leading the North American industry in the design, engineering, development and manufacturing of fuel systems for plug-in hybrid vehicles for automobile manufacturers. false false false Spectra Premium owns four manufacturing plants and 17 warehouses, with a staff of more than 1,300 employees, the majority of whom work in Québec. 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 FONDACTION CSN Fondaction manages assets of close to $1.4 billion in retirement savings from more than 128,000 shareholders. Through its investments or its commitments, made either directly or through its partner or specialized funds, Fondaction supports the development of over 950 SMEs that make a distinctive contribution to Québec’s social and economic development, including a number of social economy enterprises. ABOUT THE FONDS DE SOLIDATRITÉ FTQ The Fonds de solidarité FTQ helps drive our economy. With net assets of $11.2 billion as of November 30, 2015, the Fonds is a development capital fund that channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and further Québec’s development. The Fonds de solidarité FTQ is a partner, either directly or through its network members, in more than 2,550 companies. With more than 600,000 shareholder-savers, the Fonds helps create, maintain and protect more than 176,000 jobs. For more information, visit www.fondsftq.com. ABOUT SPECTRA PREMIUM Spectra Premium, headquartered in Boucherville, is a North American leader in the design, manufacturing, distribution and sale of replacement parts and components for the aftermarket for motor vehicles and recreational vehicles and light and heavy-duty trucks. Spectra Premium is also known for the engineering, development and sale of fuel systems of motor vehicles and light trucks, particularly as a North American leader of such systems for plug-in hybrid vehicles, for the original equipment sector. Spectra also designs, manufactures and distributes tooling for automobile manufacturers. Spectra Premium sells and distributes its products in the United States, Canada, Mexico and on international markets and has operations in Canada, the United States, China and Taiwan. false false false |
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Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |
