Desjardins, Caisse fund Telecon's buy of Netricom's engineering services unit
Capital régional et coopératif Desjardins, a private equity fund managed by Desjardins Capital de risque, and the Caisse de dépôt et placement du Québec , have together invested $22 million in the acquisition of the engineering services division of Netricom by Telecon Group. The transaction increases the Canadian market presence of the Trois-Rivières, Québec-based Telecon, and allows it to provide a modular or comprehensive offering of integrated telecommunications and power infrastructure services. The Caisse de dépôt and Desjardins have backed Telecon since 2011. To date, they have jointly invested approximately $80 million in the company. Desjardins is Telecon's majority owner.
10 April 2014•5 mins read
