Canada. Quebec’s Caisse de depot pension fund investing $250 million in Avison Young
The Caisse de depot et placement du Quebec pension fund has made a $250-million preferred equity investment in Avison Young, a commercial real estate services firm.
Avison Young says the money will help fund acquisitions and hiring as part of its global expansion, while a portion will also be used to buy back shares held by Parallel49 Equity and others.
The Caisse invested in a newly authorized class of non-voting preferred shares of the firm, though the terms of the transaction were not disclosed.
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