La Caisse, Agropur create a joint investment platform
The platform aims to help foster innovation in the dairy industry.
Quebec City-based Institutional investor Caisse de dépôt et placement du Québec (La Caisse) and Agropur Cooperative (Agropur), Saint-Hubert, Quebec, said they will set up a new joint investment platform for businesses in the dairy industry. The $40 million (Canadian dollars) platform will be funded by the two partners on a 50/50 basis and invest in innovative businesses specializing in dairy-related products and technologies.
The focus will be on growing companies with high potential for solid financial performance, which are led by a solid management team and who have demonstrated that innovation is a core element of their business-model, the companies said. This opportunity will allow La Caisse to make the most of Agropur's extensive operational knowledge of the agri-food sector, and Agropur to tap into La Caisse's financial expertise in supporting small and medium-sized enterprises.