The Caisse de dépôt et placement du Québec Tuesday announced a $10 million investment, in the form of a term loan, in Optimum Group, a diversified financial group with a Montreal-based head office.
Operating in Quebec, several other Canadian provinces, the United States and France, Optimum is particularly known for its customized and specialized financial products and services and for the close relationships it maintains with its partners.
“The investment is rooted in a long-standing relationship with Optimum Group. We made our initial investment with this firm back in 1979,” said Normand Provost, executive vice president, private equity at the Caisse.
“Optimum Group has on board rigourous portfolio managers who have performed particularly well in spite of the world economic crisis,” he added.
“The financing will help us to pursue our strategic and prudent growth strategy, consistently focused on the firm’s profitability and sustainability and on the security of our clients’ assets,” explained Jean-Claude Pagé, president and COO of Optimum.
Founded in 1969 by actuaries, Optimum is a private international financial group active in life insurance, property and casualty insurance, life reinsurance, actuarial consulting and asset management.