Desjardins Capital invests C$60 M in Fonds QScale for a data processing centre in Levis

Date Closed

July 12, 2021

Lead Office

Montréal

Value

60.00 Million CAD

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).

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