National Bank Private Investment completed an investment in CVTech-IBC.

National Bank Private Investment, an investment fund management firm, completed an investment in CVTech-IBC, a continuously variable transmissions manufacturer. Financial terms were not disclosed. "CVTech-IBC has an excellent reputation in the market owing to its high-quality products and services and its innovative culture that is evident in all its activities. NBPI firmly believes it can guide the company through the next phase of its growth by supporting the development and marketing of new solutions and optimizing its processes. SMEs are the backbone of our economy and we're seeing more and more business transfers. That's why it's so important to offer them the support they need at this key juncture. It ensures not only the prosperity of the company itself, but also of our economy," Luc Ménard, National Bank Executive Vice-President, Managing Director and Head of Private Investments.