CDPQ acquires minority stake in Golf Avenue

October 24, 2019

On August 12, 2019, Caisse de dépôt et placement du Québec (“CDPQ”) announced its acquisition of a minority stake in Golf Avenue, the largest online retailer of pre-owned golf equipment in Canada. CDPQ’s investment will allow Golf Avenue to continue expanding into U.S. and European markets.

CDPQ is one of Canada’s largest long-term institutional investors that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2019, it held CAD 326.7 billion in net assets.

Miller Thomson advised CDPQ with a team led by Philipp Park (Corporate/M&A), and comprised of Louis-Philippe Borduas, Grégory Morin-Maltais and Elissa Brock (Corporate/M&A).