XPND Capital announces closing of its second fund, XPNDCROISSANCE

Following a long series of transactions and investments, XPND Capital, a Quebec private equity firm focused on growth investments, announced the closing of its second fund, XPNDCROISSANCE. With the most recent investments by the Fonds de solidarité FTQ ($10 million), Fondaction CSN ($5 million), the increased participation of Investissement Québec (an additional $5 million for a total of $15 million) and the $15 million participation of the Caisse de dépôt et placement du Québec announced in November 2015, XPNDCROISSANCE’s total capitalization has reached $75 million. XPND Capital is a private equity firm focused on growth investments in exceptional Quebec-based companies. Its mission is to help build the next generation of large successful companies in Quebec, by helping entrepreneurs in their growth phase and contributing strategic capital. XPND Capital brings together the expertise, network and capital of many renowned technology entrepreneurs and has the support of large institutional investors. For more information, please visit www.xpnd.com. During these transactions, XPND Capital was represented by a team from Fasken Martineau led by Michel Boislard that included Caitlin Rose and Jonathan Raizenne.