Desjardins, Fondaction CSN and Fonds de solidarité FTQ invest $55 mln in La Coop fédérée
La Coop fédérée has obtained $55 million in new funding from a private equity investor group comprising Capital régional et coopératif Desjardins, a fund managed by Desjardins Capital de risque, Fondaction CSN and Fonds de solidarité des travailleurs du Québec FTQ. The Montréal-based La Coop fédérée, an agri-food enterprise owned by over 100,000 members grouped into 102 cooperatives, said it will use the proceeds of this investment to further its growth, notably through acquisitions. The co-operative has for some time been a portfolio company of Desjardins and Fonds de solidarité FTQ, with Fondation CSN becoming a backer in this latest transaction.
5 December 2013•4 mins read
