Fonds de solidarité des travailleurs du Québec and Caisse de dépôt et placement du Québec acquire minority stake in Groupe Océan

Date Closed

August 31, 2018

Lead Office

Québec City

Value

112.00 Million CAD

On August 31, 2018, Fonds de solidarité des travailleurs du Québec (FTQ) and Caisse de dépôt et placement du Québec (CDPQ) completed subordinated debt financing and an equity investment to acquire a minority stake totalling C$112 million in 9215-7064 Québec Inc. (known as Groupe Océan). The deal will enable Groupe Océan to expand and respond to growing maritime traffic and infrastructure needs.

FTQ is a Québec development capital organization whose overriding mission is to invest in local businesses to further the economic development of all the regions of Québec.

CDPQ is a long-term institutional investor that manages several public and parapublic pension plans and insurance programs.

Groupe Océan provides integrated marine services throughout Canada while continuing development on the international scene.

McCarthy Tétrault LLP advised FTQ and CDPQ as investors with a team led by François Amyot and Mathieu Laflamme that included Louis-Philippe Samson, Martin Thiboutot, Cristel Chabot-Lapointe, and Philippe Leclerc (Business), Dominique Amyot-Bilodeau (Environmental), Danielle Gagnon (Real Estate), Véronique Wattiez Larose (Intellectual Property), Quentin Lageix and Marie-Soleil Landry (Tax).

People