Fresche Solutions raises $77 mln from NBC-led syndicate
Montréal-based information technology modernization specialist Fresche Solutions has raised about $77 million (US$60 million) in fresh funding. National Bank of Canada (NBC) was the lead arranger, sole book runner and administrative agent for the deal, backed by a syndicate of NBC, Investissement Québec and TD Bank. The proceeds will be used for the company's operations, organic growth and acquisition strategy. Fresche helps organizations modernize and extend the life of applications and databases that run on IBM Power Systems. Led by President and CEO Andy Kulakowski, the company has previously raised funding from Fonds de solidarité FTQ and Fondaction CSN.
24 May 2018•5 mins read
