BDC Capital and Desjardins back acquisition Pit Caribou microbrewery

BDC Capital and Desjardins back acquisition Pit Caribou microbrewery

CPE Media News (7/10/2019) – BDC Capital’s Growth & Transition Capital division and Desjardins Capital have partnered to provide, in equal parts, $3.4 million in supporting the acquisition of Pit Caribou microbrewery by Vincent Coderre and Jean‑François Nellis.

The non‑dilutive financing includes flexible repayment terms. Investissement Québec also participated in this financing.

Founded Francis Joncas and Benoit Couillard in 2007, Pit Caribou, the first microbrewery in Eastern Quebec, has won numerous national and international awards since its founding in 2007, including the award for the best North American Style Blonde or Golden Ale for La Blonde de l’Anse at the Canadian Brewing Awards in May.

The acquisition closed in February 2019.

Source: Private Capital Journal

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