CDPQ Acquires Significant Minority Stake in Solotech
Private Capital Journal reports CDPQ acquires significant minority stake in Solotech: CDPQ today announced it acquired a significant minority stake in Solotech, a global leader in audiovisual and entertainment technology. The transaction, which represents the largest investment in the company since 2013, is to support Solotech’s acquisition and organic growth strategy to expand its presence in various markets and create more value for its customers. In October 2013, Claridge, in partnership with Desjardins Capital’s Capital régional et coopératif Desjardins and Investissement Québec, acquired Solotech. With its investment, CDPQ has becomes second largest shareholder behind Claridge. Founded 45 years ago, Solotech is a world leader in audiovisual and entertainment technology with 20 strategic locations in Canada, the United States, Europe and Asia. Solotech is the single source for audio, video, lighting, rigging, soft goods, control and collaboration solutions and service