The Caisse de dépôt et placement du Québec is acquiring a minority interest in Colisée Group, a Paris-based nursing home company.

The investment, alongside an infrastructure fund formed by global investor EQT, will allow Colisée to explore growth opportunities in new markets, while consolidating its current service offerings, according to a press release.

The company currently operates 270 nursing homes facilities, in addition to home-care service agencies, primarily in Belgium, France, Italy and Spain.

Read: Caisse invests in sustainability, OMERS and Ontario Teachers’ sell stake in utility

“For CDPQ, this acquisition represents a significant investment in health-care infrastructure, [which is] an essential sector where needs are growing and where Colisée is well-positioned,” said Emmanuel Jaclot, executive vice-president and head of infrastructure at the Caisse, in the release. “Colisée’s excellent track record in terms of quality of care and resident well-being is a crucial element of this partnership and is consistent with our [environmental, social and governance] approach.”

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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