The Capital Norea II private equity fund will focus on mid-sized private companies. Other investors include Groupe Familles d’Affaires Invest, whose main beneficiary is businessman Pierre Bourgie, a scion of the family that started the Urgel Bourgie funeral home chain. (The Logic)
Talking point: Led by former National Bank executive vice-president Luc Ménard, Norea Capital will cut cheques of up to $40 million for businesses with annual revenues between $25 million to a few hundred million dollars. The fund will be used to support firms’ projects related to succession, growth, digital transformation and the energy transition. The Quebec government put $45 million into the fund.
