CDPQ reinvests $20 million in Québec-based Laps
Specialized in the circular economy, Laps is changing the way golf and cycling enthusiasts buy and consume, by professionalizing the product reuse cycle. Athletes can trade their equipment while experts handle the refurbishing and certification process on three transactional sites: Golf Avenue, Cycling Avenue and Golfbidder. Laps is growing rapidly and today we have over one million customers in 11 countries with access to a vast inventory that includes hundreds of thousands of items each year. In our Montreal and London offices, we have more than 150 passionate employees contributing to a culture of change in the sports industry.
At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2021, CDPQ’s net assets totalled CA$390 billion. For more information about CDPQ, visit cdpq.com, follow us on Twitter or consult our Facebook or LinkedIn pages.
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Media contact +1 514 847-5493 [email protected]
GAUTIER POIRETVice-président, marketing et produitLAPS+1 438 525 9878