Staff
The Caisse de dépôt et placement du Québec is investing $5 million, in the form of a subordinated loan, in Finloc 2000, a financing company based in Saint-Georges-de-Beauce, QC.
Finloc 2000 offers financing to companies planning on purchasing or leasing trailers, trucks, heavy machinery and material-handling equipment.
“This investment enables us to help grow this company, which has developed deep expertise in finance, and which, through the very nature of its services, contributes to the development of the Quebec manufacturing sector,” said Normand Provost, executive vice-president of private equity with the Caisse. “Finloc 2000 will grow its market share, and offers bright prospects of returns for our depositors.”