CDPQ, Public Sector Pension Investment Board, Ardian, and Bpifrance completed the €150m investment in Fives Group.

Caisse de dépôt et placement du Québec, an institutional investor that manages several public and parapublic pension plans and insurance programs in Quebec, Public Sector Pension Investment Board, a Canadian Crown corporation, a France-based, independent private equity investment company, and Bpifrance, a French public sector investment bank, completed the €150m investment in Fives Group, a supplier of equipment, machines, technologies, and production systems for a wide range of industrial sectors. "At Fives, we are convinced that industry is one of the solutions to decarbonization. Bpifrance’s support and the renewed trust of our historic shareholders will enable the Group to go even further in helping our customers, who are aware of the urgent need to change their economic model to make it more sustainable. What was a bold and visionary choice 20 years ago is now obvious to all: combining economic and environmental performance is the prerequisite for the survival of industry," Frédéric Sanchez, Fives Group Chairman and CEO.