Staff
Caisse de dépôt et placement du Québec has invested a further $14.3 million in Stingray, a Quebec business-to-business music and in-store multimedia solutions provider.
The pension fund bought 2,000,000 subordinate voting shares from Telesystem Ltd.
Read: Caisse acquires 44% stake in Australian insurance distributor
“Stingray already has a strong reputation through its global footprint and demonstrates significant growth potential,” said Christian Dubé, executive vice-president, Quebec at Caisse, in a release. “This transaction is perfectly aligned with our goal to strengthen innovative companies aiming to expand into new markets.”
Read: Caisse invests in Montreal-based virtual reality studio