Desjardins Makes Majority Investment in Urecon
Canadian private equity fund Capital régional et coopératif Desjardins, managed by Desjardins Capital de risque, has made a control-stake investment totaling C$15.5 million in Urecon Ltd., a manufacturer of insulated pipes used mainly in municipal and mining works, and based in St. Lazare-de-Vaudreuil, Québec. The buyout transaction, which Desjardins undertook with senior managers at Urecon, will help the company optimize its business management and ramp up growth, and avoid foreign acquisition.
8 February 2013•2 mins read
