Spectra Premium Industries: Caisse de dépôt et placement du Québec, Fondaction CSN, and Fonds de solidarité FTQ acquire $45 million interest in its share capital

- Luc Pariseau and Richard Burgos

Caisse de dépôt et placement du Québec (CDPQ), Fondaction CSN, and Fonds de solidarité FTQ acquired interest in the share capital of Spectra Premium, a North American leader in the design, manufacturing, and distribution of automotive components for the aftermarket.

This transaction will enable Spectra Premium not only to maintain ownership of the company in Quebec by reorganizing its share ownership but also to continue its expansion in North America and in global markets. The Caisse invested $28.3 million, while Fondaction CSN invested $15 million. The Fonds de solidarité FTQ, main shareholder of Spectra Premium, injected an additional $2 million into the company.

A Lavery team represented Spectra Premium in this transaction. The group was lead by Luc Pariseau and included Richard Burgos, Raphaël Bacal (commercial law), and Jean-Philippe Latreille (taxation).

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