GLOBAL - The Caisse de dépôt et placement du Québec (Caisse) and AXA Private Equity have entered into a partnership aimed at helping Québec and European-based businesses expand internationally.
The two companies will provide services on productivity, globalisation of operations and transfer of ownership to companies expanding beyond their national borders.
Both companies will assist clients in the search for suppliers, in the research and development of joint ventures, in alliances with a foreign company, or on takeovers of international competitors.
Caisse executive vice-president of private equity and chief operations officer Normand Provost said: "The Caisse's role is not simply to offer financing to businesses, but also to contribute its expertise and networks. We are offering them our ability to negotiate across all borders, as well as our international experience and extensive business network.
"We are delighted that AXA Private Equity has agreed to allow Québec businesses to benefit from its international network, which is particularly far-reaching in Europe and Asia," said.
AXA Private Equity chief executive Dominique Senequier said: "The Caisse's experience and its multi-market knowledge, especially in North America, will be immensely useful in supporting the global growth of businesses. We are very pleased to join forces with a trusted partner who has already supported us in a number of business endeavours."
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.