Caisse de dépôt invests in growth, diversification of Golf Avenue
Caisse de dépôt et placement du Québec has made an undisclosed equity investment in Golf Avenue, a Montréal-based online retailer of pre-owned golf equipment. The deal's proceeds will fund the company's continued growth in the United States and Europe and the addition of new technology to its digital platform. The proceeds will also support the launch of Cycling Avenue, a new product for re-selling pre-owned bicycles, such as road bikes, mountain bikes and hybrid models. Founded in 2006 by Pierre-Luc Laparé and Marc-Antoine Bovet, Gold Avenue offers a selection of more than 50,000 new and used golfing products.
9 August 2019•3 mins read
