The Caisse de dépôt etplacement du Québec (CDPQ) is investing in Solotech, a company partly owned by wealthy businessman Stephen Bronfman.
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The Journal tried to find out the size of the investment, but neither the Caisse de dépôt nor Solotech responded to our request. This is a minority stake held by the Caisse in the company. However, according to CDPQ, the transaction represents the largest financial investment in the company since 2013.
“The amount of the investment is not public information,” Mélanie Jolin from Solotech replied simply.
A major shareholder in Solotech is businessman Stephen Bronfman, president of private investment firm Claridge Inc. Investissement Québec and Capital régional et coopératif Desjardins are also investors in the company.
“CDPQ’s commitment is a sign of confidence in our business model and its financial investment will enable us to pursue new business opportunities as a global consolidator of audiovisual media and technologies,” said Martin Tremblay, President and CEO of Solotech.
Solotech, a company specializing in audiovisual and entertainment technologies, was founded 45 years ago in Montreal.
The investment aims to “support Solotech’s strategy of acquisitions and organic growth, which aims to expand its presence in various markets and create more value for its customers,” the press release said.
Solotech, which has a presence in Canada, the United States, Europe and Asia, has notably contributed to the music tours of Taylor Swift, P!nk, Harry Styles, Adele and The Weeknd.
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Originally posted 2023-11-29 20:20:25.