Date Closed

October 30, 2009

Lead Office

Montréal

Value

53.30 Million CAD

Caisse de dépôt et placement du Québec ("Caisse") and Fonds de solidarité des travailleurs du Québec (F.T.Q.) ("Fonds") announced that, pursuant to a private placement of GLV Inc. ("GLV") completed on October 30, 2009, they respectively acquired 5,496,104 and 1,862,069 subscription receipts of GLV at a unit price of C$7.25 for a total amount of C$53.3 million. Each subscription receipt will be exchangeable, under certain conditions, into one Class A subordinate voting share of GLV, for no additional consideration.

GLV, headquartered in Montréal, Québec, is an international business active mostly in the sectors of water treatment and pulp and paper that offers comprehensive technological solutions as well as services and equipment tailored to the needs of its customers.

McCarthy Tétrault LLP represented the lenders, with a team led by Patrick Boucher.