The Caisse de dépôt et placement du Québec (the “Caisse”) invested in Innocap, a leader in the Québec financial industry, and lent some of the required capital to the Innocap management team to hold a stake in Innocap. The Caisse therefore becomes a shareholder alongside Innocap’s management team and BNP Paribas. The National Bank of Canada sells all of its stake in Innocap.
The Caisse uses its expertise and international network to help accelerate the deployment of Innocap's growth plan and identify new business opportunities. This transaction gives the Caisse the opportunity to support the development of a business in financial technologies and data analysis while playing its full role in business succession in Québec. The Caisse values Innocap's services so much that it will use its services to manage a portion of its assets.
Innocap is a leader in the managed accounts industry as well as operational, financial and regulatory risk management solutions. As of October 31, 2017, the company and its subsidiaries managed $5.7 billion of assets for institutional investors, financial institutions and fund managers in North America, Europe and Asia.
A Fasken team made up of Denis Chaurette, Sylvie Bourdeau, Elise Renaud, Charles-Alexandre Brosseau, Jonathan Raizenne, Martin Racicot and Émilie Marceau advised the Caisse.