Fonds de solidarité FTQ Invests $20M in NAMAKOR Holdings

What's Happening: The Fonds de solidarité FTQ has committed up to $20 million US to become the lead investor in NAMAKOR Holdings, a private equity firm focused on mid-market Québec companies and business succession. NAMAKOR invests in manufacturing companies to drive their international growth and currently has five investments in Québec.

The Key Moves:

• Fonds de solidarité FTQ commits up to $20 million US to NAMAKOR Holdings

• NAMAKOR focuses on mid-market Québec manufacturing companies for international growth

• Partnership aims to address succession planning and business continuity challenges

By The Numbers :

• NAMAKOR currently has five investments in Québec

• Fonds de solidarité FTQ has net assets of $21.7 billion as of November 30, 2024

• Fonds de solidarité FTQ supports nearly 4,000 companies through direct and indirect investments

Key Quotes:

• "Québec's financial sector needs to develop greater expertise in meeting the needs of mid-market companies and in business succession," said Philippe P. Huneault, VP at Fonds de solidarité FTQ

• "The Fonds de solidarité FTQ's investment in NAMAKOR Holdings reinforces our mission to support and accelerate the growth of mid-market Québec businesses," said Stephane Huot, Managing Partner at NAMAKOR Holdings

• "We are proud to partner with NAMAKOR to support the growth and sustainability of local businesses," stated Philippe P. Huneault

The Bottom Line: The partnership between Fonds de solidarité FTQ and NAMAKOR Holdings aims to address the pressing economic issue of business succession in Québec while supporting the growth and international expansion of mid-market manufacturing companies. This strategic investment aligns with both organizations' goals to create lasting value for Québec entrepreneurs and contribute to the broader economy.

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