Staff
The Caisse de dépôt et placement du Québec has made a $5.4 million investment in Groupe Moreau, an electrical and mechanical contractor company based in Rouyn-Noranda, Abitibi. This is the second investment the plan has made in this group this year.
As part of this transaction, the Caisse is redeeming a portion of the term loan financed by HSBC Bank Canada, which retains its role as primary lender.
“Following an initial investment made earlier in the year, this financing enables us to continue to contribute to the growth of this Québec company that has developed cutting-edge expertise in natural resources,” said Normand Provost, executive vice-president, private equity at the Caisse.