CANADA - The C$143.5bn Caisse de dépôt et placement du Québec has upped its stake in school bus company Student Transportation of America (STA).
Following its latest $12m share purchase, representing 8.99% of the company’s shares, La Caisse owns 16.99% of the company.
At the same time, La Caisse-backed Emerald Technology Ventures (Emerald) has held a final close on its latest Cleantech Venture Capital Fund at €135m.
La Caisse was the only pension fund to invest in the fund, allocating an undisclosed amount in the fund alongside other financial institutions.
Emerald invests in early and expansion stage companies located mostly in North America and Europe.
Commented Éric Legault, investments director at the Caisse: "We are pleased to have helped consolidate all North American activities of this world-class firm in Montreal.
"Canadian companies in this promising sector now have access to a unique expertise and an international network to support their development."
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