Organization: Solidarity Fund QFL

Caisse and Solidarity invest $78.3M in GLV acquisition

The Caisse de dépôt et placement du Québec and Solidarity Fund QFL have invested $39.8 million and $38.5 million respectively in GLV Inc to finance the Trois-Riviéres-based company’s $85-million acquisition of Austrian-based Christ Water Technology AG. The acquisition is being made through GLV’s indirect subsidiary, Eimco Water Technologies GmbH and will give GLV added design…

Aeterna raises $57 million with private placement

Aeterna Laboratories Inc has closed a $57-million private placement that could increase to $180 million if warrants are fully exercised. The lead investors are SGF Santé and Solidarity Fund QFL, giving them 11.5% and 14% of subordinate voting shares respectively. Those amounts could rise to 20.2% and 21.4% if all warrants are exercised. Also participating…

Theratechnologies spins off new cell therapy firm

Theratechnologies Inc has received $60 million in capital to spin off its ex vivo photodynamic cell therapy program as Celmed BioSciences Inc and has acquired two California-based firms that develop technologies for the treatment of neuro- degenerative diseases. The strategic reorganization is aimed at maximizing asset value and continues the Montreal-based firm’s practise of spinning…

Amphitech receives $5-million investment

Amphitech International Inc has received a $5-million syndicated investment to further develop its gyro-stabilized platform technology for use in an obstacle awareness radar system for aircraft and helicopters. The Laval PQ-based firm received the funding from Solidarity Fund QFL ($2.5 million), Innovatech du Grand Montréal ($1.5 million) and private investors ($1 million). The obstacle awareness…