Caisse providing financing to Quebec-based higher education institution network
BY Staff | June 22, 2020
The Caisse de dépôt et placement du Québec is providing a loan to LCI Education, a Quebec-based network of higher education institutions.
The financing aims to help the LCI accelerate its online education initiatives and pursue its international expansion. Further, it aims to support its family business succession process.
“LCI Education was a forerunner in its sector’s digital transformation and we are delighted that this financing will enable the organization to refine its offering even further,” said Kim Thomassin, executive vice-president and head of investments in Quebec and stewardship investing at the Caisse, in a press release. “This transaction is also an opportunity to contribute to the international expansion of a leading Quebec company going through a family succession process.”
The LCI’s network currently includes 23 institutions worldwide.