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Press releases

December 13, 2017

Fonds de solidarité FTQ Announces New Initiative to Support Business Innovation in Québec

On the occasion of this week’s financing seminar organized by Aéro Montréal, Gaétan Morin, President and Chief Executive Officer of the Fonds de solidarité FTQ, announced the launch of Solunov, a new innovation initiative. It will be recalled that innovation and the aerospace sector were identified as investment priorities during the Fonds’ strategic planning exercise last year.

December 12, 2017

KDC announces the acquisition of Northern Labs, Inc.

Knowlton Development Corporation ("KDC"), a leading contract manufacturer of health and beauty-care products based in Québec, announces the acquisition of Northern Labs, Inc. ("Northern Labs"), a full-service liquid product contract manufacturer serving the world’s leading CPG and OTC companies for over 70 years. The transaction is being financed by the private equity firm Novacap, in partnership with La Caisse de dépôt et placement du Québec, the Fonds de solidarité FTQ, Investissement Québec, Export Development Canada, Fondaction CSN and other institutional partners.

December 6, 2017

NOVACAP acquires majority stake in Joseph Ribkoff, a flagship in the fashion sector

NOVACAP, a Canadian leader in private equity, is proud to announce that it has partnered with Joseph Ribkoff, one of Canada's leading fashion designers, present in more than 64 international markets, by acquiring a majority stake in the company. This transaction is financed by the NOVACAP Industries IV Fund, in partnership with the Fonds de solidarité FTQ, founder Joseph Ribkoff and company executives.

December 6, 2017

Janie Béïque appointed Chief of Investments and Strategic Investment Initiatives of the Fonds de solidarité FTQ

Normand Chouinard, Executive Vice-President, Investments of the Fonds de solidarité FTQ, is pleased to announce the appointment of Janie C. Béïque as Chief of Investments and Strategic Investment Initiatives. In her new position, she will oversee the Fonds’ investment portfolio as well as define the organisation’s future strategic direction with respect to investments and implement them.

Created in 1983, the Fonds de solidarité FTQ is a development capital fund that calls upon the solidarity and savings of Quebecers to help fulfill its mission to contribute to Québec's economic growth by creating and protecting jobs through investments primarily in small and medium-sized businesses in all spheres of activity.

The Fonds also seeks to encourage Quebecers to save for retirement and to offer its over half a million shareholders-savers a reasonable return over and above the outstanding tax benefits they receive for purchasing Fonds shares. A leading purveyor of unsecured risk capital (growth and venture capital), the Fonds continues to drive our economy.

Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus, from a local representative or at the offices of the Fonds de solidarité FTQ. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.