Fondaction

Fondaction is a Montreal-based investment firm established in 1996, specializing in both direct and fund of fund investments, primarily in small and medium-sized enterprises across various sectors, with a strong emphasis on clean energy and agri-food. The firm engages in private equity and venture capital investments, targeting companies at various stages, including seed, startup, and later-stage transactions, primarily within Quebec. Fondaction's direct investments range from CAD 0.5 million to CAD 10 million, while fund investments typically fall between CAD 0.5 million and CAD 75 million per transaction. With a commitment to socially responsible finance, Fondaction integrates sustainable development principles into its investment strategy, supporting over 1,050 SMEs and contributing to job creation in the region. The organization manages assets exceeding one billion dollars, derived from retirement savings of more than 131,000 shareholders. Fondaction is recognized for its transparency in sustainable development practices and compliance with international reporting standards.

Éric Baron

Portfolio Manager

Marc Benoît

Portfolio Director

Marc-André Binette

Deputy Head, Real estate, Funds and Co-Investments

Claire Bisson

Deputy Chief Investment Officer

Geneviève Bouthillier

Deputy Chief investment Officer

Richard Buies

Portfolio Director

Dominique Chaussé

Deputy Chief Investment Office

Pierre B. Lafrenière

Director

Luc Lapointe

Portfolio Manager

Jean Marcotte

Director

Bruno Masson

Portfolio Director

Stephan Morency

Chief Investment Officer

Genevieve Morin

Chief Investment Officer

Johanne Provost-Mitchell

Associate

Marie-Josée Rioux

Portfolio Manager

Nataly-Claude Simard

Portfolio Manager

Roxanne Turcotte

Portfolio Director

Paul Villemaire

Senior Portfolio Manager

Luc Villeneuve

Senior Portfolio Manager, Funds and Real Estate

Past deals in Food Processing

La Coop fédérée

Venture Round in 2020
La Coop fédérée is an agri-food federation of cooperatives that represent agricultural producers and consumers. It represents more than 60,000 members grouped into close to 70 cooperatives in multiple Canadian provinces. La Coop fédérée employs more than 13,000 employees and has a revenue of $6.3 billion. Its activities are divided into three divisions: Olymel S.E.C (under the Olymel, Flamingo and Lafleur banners, the Agri-business division (under the La Coop, Élite, Agrocentre, Agrico and Agromart banners), and the BMR Group (under the BMR, Unimat and Potvin & Bouchard banners). La Coop fédérée was founded on 1922 and is headquartered in Montreal, Quebec in Canada.

La Coop fédérée

Venture Round in 2019
La Coop fédérée is an agri-food federation of cooperatives that represent agricultural producers and consumers. It represents more than 60,000 members grouped into close to 70 cooperatives in multiple Canadian provinces. La Coop fédérée employs more than 13,000 employees and has a revenue of $6.3 billion. Its activities are divided into three divisions: Olymel S.E.C (under the Olymel, Flamingo and Lafleur banners, the Agri-business division (under the La Coop, Élite, Agrocentre, Agrico and Agromart banners), and the BMR Group (under the BMR, Unimat and Potvin & Bouchard banners). La Coop fédérée was founded on 1922 and is headquartered in Montreal, Quebec in Canada.

Morille

Debt Financing in 2019
Producer of non-timber forest food products intended to serve restaurants, food product distributors and processors and consumers. The company's products include mushrooms, boreal spices, small northern fruits, as well as sauces and ready-to-cook meals, enabling customers to enjoy wild cuisines sitting at home.

Pierre du Moulin

Venture Round in 2019
Pierre Du Moulin, brings together entrepreneurs from the agricultural and agri-food sector wishing to revalue agricultural land in Charlevoix by setting up agricultural projects organic.

Les Viandes Biologiques de Charlevoix

Private Equity Round in 2018
Les Viandes biologiques de Charlevoix Inc. engages in production, processing and distribution of organic chicken and pork. Les Viandes biologiques de Charlevoix Inc. was founded in 2001 and is based in St-Urbain, Canada.

BCI Foods

Private Equity Round in 2018
Producer of canned soups and sauces based in Saint-Hyacinthe, Québec. The company offers a wide range of savory soups, ready-to-serve soups, broths, sauces and ready-to-eat pasta and meals in packets as well as luxury recipes and health positioning, thereby enabling customers to enjoy exquisitely flavored soup.

Coopérative Forestière de Petit Paris

Private Equity Round in 2017
Coopérative Forestière de Petit Paris, the Cooperative of Workers of Petit Paris offers integrated forestry services ranging from management to wood processing including the valuation of fiber and the production of by-products.

Alasko

Private Equity Round in 2016
The Alasko global supply network reaches over 60 agri-food producers, in 20 countries. All facilities are federally inspected and satisfy all of the H.A.C.C.P. program requirements. We import, prepare and distribute over 80 million pounds of frozen foods. Our distribution network currently utilizes 7 warehouses across North America and offers optimal efficiency and control of the cold chain: frozen food requires constant follow-up. Our internal quality assurance program provides for constant monitoring of all products to ensure the highest safety and quality standards are respected throughout the cold chain. Our Montreal facility is certified by the Canadian Food Inspection Agency (C.F.I.A) and has recently received a GFTC gold rating. We also have received organic certification by Ecocert Canada.

Agropur

Venture Round in 2015
Founded in 1938 in Québec, Agropur dairy cooperative is joining the FoodBytes! family in 2018, bringing 80 years of dairy sector leadership and expertise. Agropur which is amongst the top 20 dairy leader players in the world, never stops innovating and sees innovation as a guiding principle within the organization.

Agropur

Venture Round in 2014
Founded in 1938 in Québec, Agropur dairy cooperative is joining the FoodBytes! family in 2018, bringing 80 years of dairy sector leadership and expertise. Agropur which is amongst the top 20 dairy leader players in the world, never stops innovating and sees innovation as a guiding principle within the organization.