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Diversified Financial Services
INTERNET | Internet Software & Services / Accounting & Finance
desjardins.com

Investments

84

Portfolio Exits

23

Funds

4

Partners & Customers

10

About Desjardins

Desjardins operates as a financial services company. The company provides retail banking services, as well as investment and wealth management services. It also offers insurance, mortgage rates, loans, and credit cards. It primarily serves individual and business clients. It was founded in 1900 and is based in Montreal, Canada.

Headquarters Location

1020, rue du Marché-Central

Montreal, Quebec, H4N 1K4,

Canada

514-383-0180

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Latest Desjardins News

CHE.UN is a buy, Desjardins says

Nov 16, 2023

CHE.UN is a buy, Desjardins says Its third quarter results are in the books and Desjardins analyst Gary Ho still thinks there is double-digit upside to Chemtrade Logistics Income Fund ( Chemtrade Logistics Income Fund Stock Quote, Chart, News, Analysts, Financials TSX:CHE.UN ). On November 14, CHE.UN reported its Q3, 2023 results. The company posted Adjusted EBITDA of $142.1-million on revenue of $483.5-million, a topline that was down seven per cent over the same period a year prior. “The strong performance that we delivered in the third quarter, both financially and operationally, further builds on the solid track-record that we have established in recent years and positions us for a record year in 2023,” CEO Scott Rook said. “While these results reflect strength across a number of products in our diversified portfolio, they are really a testament to the ongoing focus and execution of the entire Chemtrade team. Despite a decline in revenue attributable to lower sulphur and caustic soda prices, the commercial initiatives along with a focus on operating performance were pivotal in driving yet another quarter of growth in Adjusted EBITDA and distributable cash.” The analyst gave his takeaway on the development. “CHE delivered a strong 3Q beat, accompanied by a 3.2% EBITDA guidance raise to C $490m+. While 4Q will see some seasonal softness from several chemicals and lower caustic soda pricing, we believe there could be some upside to management’s C $72m+ implied guidance. 2024 will face tough comps in 1H and the North Vancouver turnaround (~C$20m impact), as well as a ~C$6m EBITDA loss from the P2S5 sale,” he wrote. In a research update to clients November 15,  Ho maintained his “Buy” rating and twelve-month price target of $12.00 on CHE.UN, implying a return of 43 per cent at the time of publication. “Our positive view is based on: (1) multiple chemicals in CHE’s portfolio having relatively recession-resistant attributes; (2) tremendous ultra-pure and hydrogen opportunities; and (3) consistent execution and a repaired balance sheet should restore investor confidence and warrant a valuation re-rate,” the analyst concluded. ✖ We Hate Paywalls Too! At Cantech Letter we prize independent journalism like you do. And we don't care for paywalls and popups and all that noise That's why we need your support. If you value getting your daily information from the experts, won't you help us? No donation is too small.

Desjardins Investments

84 Investments

Desjardins has made 84 investments. Their latest investment was in Tech3Lab as part of their Unattributed on November 11, 2023.

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Desjardins Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/14/2023

Unattributed

Tech3Lab

$13.12M

Yes

1

8/2/2023

Series B

Local Logic

$13M

Yes

7

5/28/2023

Seed VC

Picketa

$1.4M

Yes

1

12/13/2022

Seed VC - III

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$99M

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10

12/13/2022

Series A

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$99M

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10

Date

11/14/2023

8/2/2023

5/28/2023

12/13/2022

12/13/2022

Round

Unattributed

Series B

Seed VC

Seed VC - III

Series A

Company

Tech3Lab

Local Logic

Picketa

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Amount

$13.12M

$13M

$1.4M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

7

1

10

10

Desjardins Portfolio Exits

23 Portfolio Exits

Desjardins has 23 portfolio exits. Their latest portfolio exit was LeddarTech on June 13, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/13/2023

Acq - Pending

$99M

3

3/28/2022

Acquired

$99M

3

10/1/2021

Acquired

$99M

1

3/23/2021

Acquired

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$99M

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10

3/3/2020

Acquired

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$99M

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10

Date

6/13/2023

3/28/2022

10/1/2021

3/23/2021

3/3/2020

Exit

Acq - Pending

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

3

1

10

10

Desjardins Acquisitions

14 Acquisitions

Desjardins acquired 14 companies. Their latest acquisition was Worldsource Wealth Management on November 30, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/30/2022

$99M

Acquired Unit

1

11/30/2022

$99M

Acquired Unit

1

11/30/2022

$99M

Acquired Unit

1

11/30/2022

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$99M

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10

7/29/2022

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$99M

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10

Date

11/30/2022

11/30/2022

11/30/2022

11/30/2022

7/29/2022

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired Unit

Acquired Unit

Acquired Unit

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Sources

1

1

1

10

10

Desjardins Fund History

4 Fund Histories

Desjardins has 4 funds, including Aequitas Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Aequitas Fund

1

Fintech Fund I

10

Canadian Co-operative Investment Fund

$99M

10

Desjardins Capital SME Fund

10

Closing Date

Fund

Aequitas Fund

Fintech Fund I

Canadian Co-operative Investment Fund

Desjardins Capital SME Fund

Fund Type

Status

Amount

$99M

Sources

1

10

10

10

Desjardins Partners & Customers

10 Partners and customers

Desjardins has 10 strategic partners and customers. Desjardins recently partnered with Uni on July 7, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

7/6/2023

Partner

India

UNI CEO defends botched banking app rollout

In a press conference in Caraquet on Thursday , UNI CEO Robert Moreau said the decision to launch its own banking platform was necessary because continuing the bank 's partnership with Desjardins meant it would n't be able to offer services tailored to UNI 's clientele .

1

1/19/2023

Vendor

United States

3

1/16/2023

Partner

Canada

Labour Shortage: Desjardins and Québec International sign $1.35 million agreement to support recruitment and integration of newcomers to Canada - Desjardins

Quebec City , January 16 , 2023 -- Québec International and Desjardins are very happy to announce they 've expanded their partnership for the next five years .

1

12/6/2022

Vendor

India

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10

12/1/2022

Partner

Canada

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10

Date

7/6/2023

1/19/2023

1/16/2023

12/6/2022

12/1/2022

Type

Partner

Vendor

Partner

Vendor

Partner

Business Partner

Country

India

United States

Canada

India

Canada

News Snippet

UNI CEO defends botched banking app rollout

In a press conference in Caraquet on Thursday , UNI CEO Robert Moreau said the decision to launch its own banking platform was necessary because continuing the bank 's partnership with Desjardins meant it would n't be able to offer services tailored to UNI 's clientele .

Labour Shortage: Desjardins and Québec International sign $1.35 million agreement to support recruitment and integration of newcomers to Canada - Desjardins

Quebec City , January 16 , 2023 -- Québec International and Desjardins are very happy to announce they 've expanded their partnership for the next five years .

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Sources

1

3

1

10

10

Desjardins Team

24 Team Members

Desjardins has 24 team members, including current Chief Executive Officer, President, Guy Cormier.

Name

Work History

Title

Status

Guy Cormier

Chief Executive Officer, President

Current

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Name

Guy Cormier

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Work History

Title

Chief Executive Officer, President

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Status

Current

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