|MONTRÉAL, Oct. 25, 2013 /CNW/ - François Ménard, president and shareholder of Solotech, is pleased to announce
three new strategic financial partners for the company: Claridge, Capital régional et coopératif Desjardins and
Investissement Québec. These changes are part of a reorganization of the company's share ownership that also
includes the departure of some major shareholders, namely one Quebec-based institutional investor and Denis
Lefrançois, co-president and one of the main architects of Solotech from its beginnings in 1977.
For François Ménard, "the addition of these three major investors coincides with the company's plans to expand,
through organic growth and acquisitions, and its global ambitions."
Marie-Claude Boisvert, chief operating officer for Capital régional et coopératif Desjardins (CRCD), is highly
optimistic about this new partnership. "The enviable position and reputation Solotech has established in its
industry are in large measure why we are participating in this transaction. With this partnership, CRCD is
pursuing its main mission of offering flagships of the Québec economy leverage to accelerate their growth and
create quality jobs."
"Claridge is very proud to partner with Capital régional et coopératif Desjardins and Investissement Québec to
allow Solotech to pursue its development as a leader in the entertainment industry," says Pierre Boivin, president
and CEO of Claridge. "We believe that the company has everything it needs to bolster its presence in Québec and
Canada and become a global leader in its field. This is a strategic investment for Claridge, and we will do
everything possible to help the management team achieve its ambitions."
For over 35 years, Solotech has been developing technological expertise that it lends to artists, producers and
events in Québec, Canada and around the world, including Céline Dion, Cirque du Soleil, André Rieu, Bruce
Springsteen, Britney Spears, Michael Bublé, Leonard Cohen and soon the new Justin Timberlake tour and the Sotchi
This vast expertise has enabled Solotech to permanently outfit some of the most prestigious major venues and
amphitheatres around the world.
Claridge, founded in 1987 by Charles Bronfman, is an investment firm headquartered in Montréal. Today, the firm
represents the interests of the Stephen Bronfman family and manages a diverse portfolio of third-party
investments, as well as direct equity participations in the food industry, real estate and entertainment sectors.
About Capital régional et coopératif Desjardins
With over 104,000 shareholders and $1,473 million in net assets, Capital régional et coopératif Desjardins is a
publicly traded company managed by Desjardins Venture Capital. The Company contributes to Québec economic
development through several levers developed with its manager, with CRCD as the driving force. These levers form
CRCD's entrepreneurial ecosystem designed to value and nurture the best of Québec entrepreneurship. Directly or
indirectly through its ecosystem, CRCD supports the growth of over 390 companies, cooperatives and funds in
various industries spanning all Québec regions.
About Investissement Québec
Investissement Québec's mission is to promote investment growth in Québec, thereby contributing to economic
development and job creation in every region. The Corporation provides businesses with a full range of financial
solutions, including loans, loan guarantees and equity investment, to support them at every stage of their
development. It is also responsible for administering tax measures and foreign investment prospecting.
For further information:
Executive Vice-President and Chief Financial Officer
Tel.: 514 370-5211