The Caisse de dépôt et placement du Québec has made a $10-million investment (in the form of a term loan) in Optimum Group, a diversified Quebec financial group.
“The investment is rooted in a long-standing relationship with Optimum Group. We made our initial investment with this firm back in 1979,” said Normand Provost, executive vice-president, private equity, with the Caisse. “This financing gives us the possibility to continue to support a well-established Quebec company that has a prudent management style. Optimum Group has on-board rigorous portfolio managers who have performed particularly well in spite of the world economic crisis.”
“Optimum Group is proud to be able to count on the support of the Caisse de dépôt et placement du Québec,” said Jean-Claude Pagé, president and chief operating officer of Optimum Group, about the deal. “The financing will help us to pursue our strategic and prudent growth strategy, consistently focused on the firm’s profitability and sustainability and on the security of our clients’ assets.”