La Caisse and BMO Capital Partners invest $20 million in Québec-based
MONTRÉAL, Nov. 18, 2013 /CNW Telbec/ - La Caisse de dépôt et placement du
Québec and BMO Capital Partners today announced a major investment in
Corporation de développement Nautilus Plus inc. (Nautilus Plus), which owns
the largest corporate network of fitness centres in Québec.
The investment, made equally by la Caisse and BMO Capital Partners, will
enable them to acquire a block of shares of the company and Nautilus Plus to
continue expanding its network.
"This financing enables us to support a well-established Québec company that
has become a leader in its industry," stated Normand Provost, Executive
Vice-President, Private Equity, of la Caisse de dépôt et placement du
Québec. "With its expansion of recent years, Nautilus Plus has increased its
market share and offers our depositors attractive long-term returns." Once
again, la Caisse is partnering with Novacap, an important private equity
player that is very involved with Québec companies.
"BMO Bank of Montreal is very proud to partner with Novacap and la Caisse to
support Nautilus Plus, a dominant player in Québec's fitness centre sector,"
said Richard Côté, Vice-President, Corporate Finance Division, Québec. "We
believe the financial products and solutions offered to Nautilus Plus with
this financing will help it pursue and even go beyond its long-term growth
"Nautilus Plus is developing and implementing an expansion plan. In such a
context, this investment is vital," stated Domenic Mancini, Chairman of
Nautilus Plus and General Partner of Novacap Industries. "Novacap, BMO and la
Caisse have been working together for more than 30 years and are the ideal
partners for companies with strong potential. Like us, BMO Capital Partners
and la Caisseassist Québec companies with their long-term expansion plans,"
stated Jacques Foisy, President of Novacap Industries, which has been a
Nautilus Plus partner since 2008.
Nautilus Plus President and Chief Executive Officer Richard Blais said he was
complimented by his prestigious new partners' interest and confidence in the
company and enthusiastic about pursuing its growth with their support.
Nautilus Plus, founded 35 years ago, has 67,000 members and employs more than
1,200 people, including 500 personal trainers and nutritionists. The company
is a standout in its it sector with its high-quality fitness and nutrition
services. It operates a network of 39 fitness centres mainly in the Montréal
and Québec City areas as well as in the Outaouais region.
ABOUT LA CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
La 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 June 30, 2013, it held $185.9 billion in net assets. As one of Canada's
leading institutional fund managers, la Caisse invests in major financial
markets, private equity, infrastructure and real estate globally. For more
ABOUT BMO CAPITAL PARTNERS
BMO Capital Partners is a leading provider of junior capital, including
subordinated debt and equity capital to mid-market companies across Canada.
With $400 million in committed capital and offices across Canada, BMO Capital
Partners invests up to $20 million in companies. The proceeds are typically
used for acquisitions, buyouts, capital expenditures/expansions,
restructurings and working capital for growth. Since its inception in 1996,
BMO Capital Partners has closed more than 195 transactions. BMO Capital
Partners is a member of BMO Financial Group(™), one of the largest financial
services providers in North America. www.bmo.com
With $790 million in assets under management, Novacap is one of Canada's
leading private equity firms. Since 1981, its distinct partnership strategy
based on operational expertise has helped many companies accelerate growth and
maximize value. Novacap is one of North America's top private equity firms.
For more information, visit www.novacap.ca.
SOURCE Caisse de dépôt et placement du Québec
Caisse de dépôt et placement du Québec Jean-Benoît Houde Media Relations
514 847-5493 email@example.com
BMO Capital Partners Ronald Monet Corporate Communications 514 877-1873
Novacap Industries Domenic Mancini General Partner 450-651-5000
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