Desjardins Capital and Siparex investment in Proaction International

December 1, 2021

On December 1, 2021, Proaction International (“Proaction”), a Quebec-based technology and consulting services firm, announced the completion of an investment by Desjardins Capital (“Desjardins”) and Siparex Group (“Siparex”) through the Transatlantic Fund. Pursuant to the investment, Desjardins and Siparex will become minority shareholders of Proaction.

A subsidiary of Desjardins Group, Desjardins Capital is a fund manager that offers strategic and financial support to growing businesses and innovative start-ups in Quebec.

Siparex is a French private equity firm covering the French, Italian, German, and Belgian market, as well as Canadian through a transatlantic co-investment fund in partnership with Desjardins.

Miller Thomson advised Desjardins with a team led by Alexandre Hebert (Corporate/M&A), and comprised of Myriam Bensadoun-Amato and Emily Cruz Isgro (Corporate/M&A); Nathalie Marchand (Private Client Services); Wendy Belisle (Transactions & Leasing): Filomena Muro, Ana Carbajal, and Alexandre Benoit (Paraprofessional), as well as Ariane Buono-Guimont (Student).