Caisse de dépôt invests $139 mln in Spie as company goes public
The Caisse de dépôt et placement du Québec has made an additional equity investment of 100 million euros ($139 million) in portfolio company SPIE, a European provider of engineering and energy services. The Caisse said the commitment facilitated Spie's initial public offering on the Paris stock exchange. The company, which attempted to go public in 2014, recently issued 700 million euros in shares through an offering that gave it a market capitalization of about 2.5 billion euros. The Caisse, which has backed Spie since 2011, said it re-invested to provide the company with financial flexibility and to support its organic and acquisition-based growth strategy.
9 June 2015•3 mins read
