
Desjardins
Investments
84Portfolio Exits
23Funds
4Partners & Customers
10About 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.
Latest Desjardins News
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.

Desjardins Investments Activity

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 | Koan Capital, New Brunswick Innovation Foundation, Tall Grass Ventures, and Undisclosed Angel Investors | 1 |
12/13/2022 | Seed VC - III | |||||
12/13/2022 | Series A |
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 | ||
Amount | $13.12M | $13M | $1.4M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Koan Capital, New Brunswick Innovation Foundation, Tall Grass Ventures, and Undisclosed Angel Investors | ||||
Sources | 1 | 7 | 1 |
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 | 3 | |||
3/28/2022 | Acquired | 3 | |||
10/1/2021 | Acquired | 1 | |||
Date | 6/13/2023 | 3/28/2022 | 10/1/2021 | ||
---|---|---|---|---|---|
Exit | Acq - Pending | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 | 3 | 1 |
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 | Acquired Unit | 1 | ||||
11/30/2022 | Acquired Unit | 1 | ||||
11/30/2022 | Acquired Unit | 1 | ||||
11/30/2022 | ||||||
7/29/2022 |
Date | 11/30/2022 | 11/30/2022 | 11/30/2022 | 11/30/2022 | 7/29/2022 |
---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired Unit | Acquired Unit | Acquired Unit | ||
Sources | 1 | 1 | 1 |
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 | |||||
Canadian Co-operative Investment Fund | |||||
Desjardins Capital SME Fund |
Closing Date | ||||
---|---|---|---|---|
Fund | Aequitas Fund | Fintech Fund I | Canadian Co-operative Investment Fund | Desjardins Capital SME Fund |
Fund Type | ||||
Status | ||||
Amount | ||||
Sources | 1 |
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 | 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 | ||||
12/1/2022 | Partner |
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 | ||
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 . | Quebec City , January 16 , 2023 -- Québec International and Desjardins are very happy to announce they 've expanded their partnership for the next five years . | |||
Sources | 1 | 3 | 1 |
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 | |
Name | Guy Cormier | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer, President | ||||
Status | Current |
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