SGF INVESTS $6M IN VISION GLOBALE'S GROWTH
MONTREAL, Dec. 6 2010 /CNW Telbec/ - Société générale de financement du Québec (SGF) announces its $6 M equity investment in Vision Globale. Among other purposes, this transaction will enable the company to pursue its growth projects through acquisitions and digital offering development.
Founded in 1989, Vision Globale is Québec's foremost content production, distribution and broadcast services company. Its services cover all needs related to post-production, visual effects, asset management and content production for distribution and broadcasting across movie, television, Internet and mobile telephony networks. The company also owns several copyrights and related intellectual properties in the digital movie and 3D television sectors, including in image restoration and stabilization, among others, as well as an online transactional and distribution platform for video-on-demand (VOD) and digital movies (DCI). The company currently boasts 265 employees working in four specialized tech centers based in Montréal.
"We are thrilled to support Vision Globale's growth strategy and help it continue to consolidate and expand its sectors of activity", said Pierre Shedleur, President and General Manager of SGF. This partnership reflects one of SGF's three strategic orientations, which aims to support Québec-based companies seeking to reinforce their position in their respective market through the implementation of growth and consolidation projects.
"We are proud to undertake our very first capital intake with a partner that fosters sustainable development and further drives Vision Globale to the forefront of the media and entertainment industry", said Mathieu Lefebvre, CEO of Vision Globale.
About SGF
Société générale de financement du Québec (sgfqc.com), an industrial and financial holding company, has a mission to carry out economic development projects, particularly in the industrial sector, in cooperation with partners and in compliance with accepted profitability requirements and with the economic development policy of the Québec government. As part of its new mandate, SGF is authorized by the Québec government to go beyond its traditional role as an equity investor by offering complementary solutions, such as loans, debentures or preferred share investments.
For further information:
Information:
France Beauchamp
Senior Advisor, Communications, SGF
Tel.: 514-876-9353
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