Montréal, July 20, 2010 – With a $30 million investment in the form of an unsecured debenture, the Fonds de solidarité FTQ (the “Fonds”) has participated in the privatization of Logibec Groupe Informatique Ltée (“Logibec”) by OPE LGI Inc., an entity managed by OMERS Private Equity Inc., the private equity arm of OMERS Worldwide group of companies. The Fonds’ investment not only helps keep Logibec’s headquarters and principal place of business in Québec, it also helps preserve over 200 jobs in the province. Other Québec investors took part in this transaction, namely Société générale de financement du Québec and National Bank of Canada, which, among other things, led the banking syndicate.
“A Québec leader in a niche market, Logibec Groupe Informatique has, over the years, developed a global offering of high-tech, value-added products and services. With solid partners and a strong management team, Logibec is now poised to pursue its expansion in North America. In the medium term, the company is contemplating growth projects in the U.S., which is very exciting for the entire team,” stated Janie Béïque, the Fonds’ Senior Vice-President, New Economy.
Since its inception, the Fonds has made $1.3 billion of direct and indirect investments in IT and telecommunications firms. Logibec is now one of the Fonds’ 48 partner companies in these fields.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of $7.3 billion as at May 31, 2010, the Fund is a development capital investment fund that through its RRSP channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and to further Québec's economic growth. The Fund is a partner, either directly or through its network members, in 2,052 companies. It currently has 577,511 owner-shareholders and has helped, on its own or with other financial partners, to create, maintain and protect 180,934 jobs. For more information, visit www.fondsftq.com
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Note:
The telephone numbers provided below are for the exclusive use of journalists and other media representatives. Source: Josée Lagacé
Senior Advisor, Press Relations and Communications
Fonds de solidarité FTQ
Telephone: 514 850-4835
Mobile : 514 707-5180
e.mail : jlagace@fondsftq.com