MONTREAL, June 20, 2012 /CNW Telbec/ - The Caisse de dépôt et placement du Québec announced a $5-million investment, in the form of a subordinated loan, in Finloc 2000, a company based in Saint-Georges-de-Beauce.
"This investment enables us to help grow this company, which has developed deep expertise in finance, and which, through the very nature of its services, contributes to the development of the Québec manufacturing sector," said Normand Provost, Executive Vice-President, Private Equity at the Caisse. "Finloc 2000 will grow its market share, and offers bright prospects of returns for our depositors."
Finloc 2000 offers different types of financing to companies planning on purchasing or leasing rolling equipment, including trailers, trucks, heavy machinery and materials handling equipment. To effectively finance its equipment, the company has a partnership agreement with Manac, the largest Canadian manufacturer of semi-trailers.
"Through this investment, an even greater number of independent entrepreneurs will be able to benefit from our services to purchase or lease equipment manufactured in Québec," explained Sébastien Blouin, Vice-President, Executive Director, Finloc 2000.
In business for 35 years, Finloc 2000 specializes in financing new and used mobile equipment used for operational, rolling, commercial and industrial purposes. The company works closely with Québec and Canadian manufacturers, distributors and dealers to offer made-to-measure financing to independent entrepreneurs with which it establishes long-term relationships. For more information on the innovative financing solutions offered by Finloc 2000, visit: www.finloc.ws.
ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2011, it held $159.0 billion in net assets. As one of Canada's leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information: www.lacaisse.com.