On December 2017, the CDPQ and the Fonds FTQ completed an investment in Solmax, a worldwide leader in the manufacturing of high-quality polyethylene geomembranes that offers containment solutions in over 60 countries. The investment allowed Solmax to acquire GSE, based in Houston, Texas, from Littlejohn & Co., LLC, and certain funds and accounts managed by Strategic Value Partners, LLC, both private investment firms based in Greenwich, Connecticut.
Solmax and GSE operate globally in the geosynthetic products sector, supplying large industrial players with high-quality containment systems for domestic, hazardous or industrial waste burial sites, retention ponds, fracking and heap leaching pads. The CDPQ and the Fonds FTQ acted as Solmax’s financial partners for this transaction.
Fasken represented the CDPQ and the Fonds FTQ during the transaction with a team headed by Daniel Picotte and that included Neil Kravitz, Constantinos Ragas, Marie-Christine Valois, Matthew Quadrini, and Janie Harbec.