XPND closes second fund at $75 mln, invests in Téo and Lion Bus
Montréal-based private equity firm XPND Capital has closed its second fund, XPNDCroissance Fund, at $75 million in committed capital. Fund II, which initially closed last year with the backing of the Caisse de dépôt et placement du Québec and Investissement Québec (IQ), secured further commitments from Fonds de solidarité FTQ and Fondaction CSN, and increased support from IQ. XPNDCroissance Fund plans to invest in Québec companies active in multiple sectors, including sustainable transportation, innovative industries, and technology, media and entertainment. It has already invested in Téo Taxi, an electric taxi service, and Lion Bus, a maker of electric school buses.
2 March 2016•5 mins read
