SSQ Insurance obtains C$150M in financing from CDPQ

Date Closed

November 30, 2018

Lead Office

Québec City

Value

150.00 Million CAD

On December 6, 2018,  SSQ Insurance announced that it has received financing of C$150 million from Caisse de dépôt et placement du Québec (CDPQ). The financing will enable SSQ Insurance to further develop its capital structure and carry out its strategic plan aimed towards innovation and national development in Canada.

Established in 1944, SSQ Insurance is one of the largest insurance and investment companies in Quebec, with assets under management of C$12 billion.

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

McCarthy Tétrault LLP represented SSQ Insurance, as issuer, with a team led by Charles-Antoine Soulière that included Isabelle Pépin-Lapointe.

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