Top Aces secures $100 million equity financing to support its international expansion

Montréal (ots/PRNewswire) - - Top Aces Inc. (Top Aces), a world leader in
airborne training, announced today that it will receive a new investment in
share capital from Clairvest Group Inc. (Clairvest), its lead shareholder, the
Caisse de dépôt et placement du Québec (CDPQ) and its other existing investors.

This financing will supports Dorval, Québec-based Top Aces' international
expansion, allowing it to acquire new aircrafts to enhance and diversify its
service.

"This investment provides major support for the growth of our airborne training
services, particularly in rapidly-expanding international markets," said Paul
Bouchard, President and Chief Executive Officer of Top Aces. "By joining our
existing investment partners, CDPQ further solidifies a strong and long-term
shareholding base that will enable Top Aces to take on new challenges in new
countries."

"Top Aces is a Quebec company recognized for the quality of its services and its
unparallelled safety record within the air training sector," said Charles Émond,
Executive Vice-President, Québec, Private Equity and Strategic Planning, at
CDPQ. "With this investment, Top Aces will pursue international growth and
consolidate its leadership position within its industry."

ABOUT TOP ACES

Top Aces provides advanced and innovative airborne training to the world's
leading air forces. Founded in 2000 by a group of highly accomplished former
fighter pilots, Top Aces has the largest worldwide footprint of privately held
operational fighter aircraft that provide advanced adversary, air defence and
Joint Terminal Attack Controller (JTAC) training services around the globe. The
mission-critical training offered by Top Aces enhances the operational readiness
of combat forces by providing realistic real-world experience while prolonging
its customers' fleet life.

The company is changing the face of air combat training with its unparallelled
safety record, outstanding team and an industry-leading 82,000 hours of
operational training flown in support of its customers worldwide. Top Aces has
the experience that matters.

For further information, please visit www.topaces.com.

ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional
investor that manages funds primarily for public and parapublic pension and
insurance plans. As at June 30, 2019, it held CAD 326.7 billion in net assets.
As one of Canada's leading institutional fund managers, CDPQ invests globally in
major financial markets, private equity, infrastructure, real estate and private
debt. For more information, visit cdpq.com (https://c212.net/c/link/?t=0&l=en&o=
2655236-1&h=2348991812&u=http%3A%2F%2Fwww.cdpq.com%2F&a=cdpq.com), follow us on
Twitter @LaCDPQ (https://c212.net/c/link/?t=0&l=en&o=2655236-1&h=847670600&u=htt
ps%3A%2F%2Ftwitter.com%2Flacdpq%3Flang%3Den&a=%40LaCDPQ) or consult our Facebook
(https://c212.net/c/link/?t=0&l=en&o=2655236-1&h=2360893769&u=https%3A%2F%2Fwww.
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=en&o=2655236-1&h=3733620258&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fcdpq&a
=LinkedIn) pages.

Contact:

RACHEL ANDREWS
Director of Marketing and Communications
Top Aces, +1 514 451-5131
rachel.andrews@topaces.com
MAXIME CHAGNON
Chief of Global Media Relations
Caisse de dépôt et placement du Québec
+1 514 847 5493
mchagnon@cdpq.com

Additional content: https://www.presseportal.de/pm/135704/4451410
OTS: Top Aces Inc

Original-Content von: Top Aces Inc, übermittelt durch news aktuell