Caisse, Fonds de solidarité FTQ join Canam take-private deal
Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ have agreed to join the take-private acquisition of Canam Group Inc (TSX: CAM) as equity investors. The deal, announced last month, will see Canam acquired by U.S. private equity firm American Industrial Partners (AIP) and the Dutil family for $875 million, including debt. The Caisse and Fonds, existing investors in Canam, will with Dutil shareholders own up to 40 percent of the company's equity with the deal's close, while AIP will hold the majority share. Based in Saint-Georges, Québec, Canam is a maker of customized products for the construction industry.
12 May 2017•5 mins read
