Capital croissance PME invests $4.1 mln in Masdel buy

Capital croissance PME has invested $4.125 million in Masdel Inc, a Montréal-based developer of health and wellness products. The funding supported the company's acquisition by Ken Labelle. Founded in 1977, Masdel manufactures and distributes Magic Bag, a thermotherapeutic compress that helps with healing and health maintenance. It also imports personal care, beauty and baby health products. Capital croissance PME II is a private equity fund sponsored by Capital régional et coopératif Desjardins and the Caisse de dépôt et placement du Québec.

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