Top Aces secures C$100 million equity financing to support international expansion
On November 26, 2019, Top Aces Inc. (“Top Aces”) announced that it receive a new investment in share capital from Clairvest Group Inc. (“Clairvest), its lead shareholder, the Caisse de dépôt et placement du Québec (CDPQ) and its other existing investors.
The financing is intended to support the company’s international expansion, allowing it to acquire new aircraft to enhance and diversify its service.
Further information can be found on Canada Newswire’s website.
Top Aces, based in Dorval, Québec, provides advanced and innovative airborne training to the world's leading air forces. Founded in 2000 by a group of highly accomplished former fighter pilots, Top Aces has the largest worldwide footprint of privately held operational fighter aircraft providing advanced adversary, air defence and Joint Terminal Attack Controller (JTAC) training services around the globe.
Clairvest is a top performing private equity management firm with over C$2.4 billion of capital under management.
Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2019, it held C$326.7 billion in net assets.