Leadership in performance-defining OEM products for the generation
and conditioning of light signals in mission-critical applications.
Investors
Montréal, January 11, 2010 – A group of large Québec economic players has invested $11.5 million in a management buyout of TeraXion Inc., a Québec company and telecom leader specializing in performance products for optical signal conditioning. The lead investor, the Solidarity Fund QFL (the “Fund”) invested $5.5 million, while the Caisse de dépôt et placement du Québec provided $3.5 million, Fondaction CSN $2 million and Accès-Capital $0.5 million. The company’s founders also participated in the financing.
About Fondaction
Fondaction invests in development capital in order to maintain and create jobs in Québec. Its net assets, which stood at $638.1 million as at November 30, 2009, are derived from retirement savings collected from more than 90,000 shareholders. It is the financial partner of about 100 businesses and partner and specialized funds. Fondaction is Québec’s first financial institution to obtain OS (Organizational Stakeholder) status from the Global Reporting Initiative (GRI) set up by the United Nations Environment Programme. www.fondaction.com, www.REERvert.com.
About the Caisse de dépôt et placement du Québec
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. It held $120.1 billion of net assets as at December 31, 2008. As one of the leading institutional fund managers in Canada, the Caisse invests in the main financial markets as well as in private equity and real estate. For more information: www.lacaisse.com.
About the Solidarity Fund QFL
The Solidarity Fund QFL helps drive our economy. With net assets of $7.0 billion as at November 30, 2009, the Fund is a development capital company that through its RRSP channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and to further Québec's economic growth. The Fund is a partner, either directly or through its network members, in 2,000 companies. It currently has nearly 571,000 shareholders and has helped, on its own or with other financial partners, to create, maintain and protect nearly 143,000 jobs. For more information, visit www.fondsftq.com.
