Desjardins Capital invests C$60M in Fonds QScale for a data processing centre in Levis
On July 12, 2021, Gestion Desjardins Capital Inc. and Capital régional et coopératif Desjardins invested C$60 million in Fonds QScale S.E.C.
Fonds QScale S.E.C. is developing an C$867 million high-density data processing centre located in Lévis, Québec, with energy recovery to power greenhouses producing small fruits and tomatoes. As part of this financing round, the Government of Québec invested C$90 million in equity and debt through Investissement Québec and private investors invested C$45 million in equity.
Gestion Desjardins Capital Inc. is a fund manager that offers strategic and financial support to growing businesses and innovative start-ups in Quebec. It specializes in investment capital and venture capital.
McCarthy Tétrault LLP represented Gestion Desjardins Capital Inc. and Capital régional et coopératif Desjardins with a team led by Charles Chevrette that included Mathieu LeBlanc, Louis-Philippe Samson and Alexandre Saulnier-Marceau (Corporate), Michel Ranger (Tax), Marie-Pier Gosselin (Real Property), Dominque Amyot-Bilodeau and Amelia Fong (Environment), Jacques Rousse and Camille Bélanger (Labour and Employment) and Véronique Wattiez-Larose and Francis Langlois (Intellectual Property).
