December 13, 2012 By Anthony Capkun
December 13, 2012 – The Caisse de dépôt et placement du Québec announced a $5.7-million investment in Morgan Schaffer, a Quebec player in transformer monitoring solutions.
The Caisse carried out this new investment by way of a loan and a private equity placement. In particular, the investment will enable Morgan Schaffer—of which the Caisse has been a partner since 1999—to finance various international expansion projects.
“We are very pleased to be contributing to the success of a long-standing partner such as Morgan Schaffer, an innovative Quebec company with an international reputation,” said Normand Provost, executive VP Private Equity at the Caisse (photo). “The Caisse is constantly looking for opportunities to invest in medium-sized businesses presenting solid track records and good growth prospects.”
“The support from a long-term investor like the Caisse has significantly contributed to the growth of our company over the years,” emphasized Richard Berube, Morgan Schaffer CEO. “For a company like ours, innovation and exports are critical to our success. It is therefore important to work with a financial partner that has a deep understanding of the nature of our operations and our industry.”
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans.
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