On October 17, 2017, Lightspeed POS Inc. (“Lightspeed”) announced the closing of a US$166 million transaction in which the Caisse de dépôt et placement du Québec ("Caisse") acquired Accel Partners' stake in Lightspeed. The transaction also involved additional debt and equity financing to Lightspeed.
This transaction is one of the largest venture-financing transactions involving a private Canadian tech firm.
Lightspeed is an emerging Canadian tech firm based in Montreal that designs and develops point of sale systems and eCommerce platform for merchants and restaurants in Canada and internationally.
The Caisse is one of Canada's leading institutional fund managers and invests globally in major financial markets, private equity, infrastructure, real estate and private debt.
Osler, Hoskin & Harcourt LLP represented Lightspeed with a team consisting of Ed Vandenberg and Natasha Gould (Corporate).