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Quebec-based Vosker secures US$125M in debt financing for growth

Vosker, a provider of surveillance solutions, announced the successful closing of US$125 million in senior debt financing.

Vosker was founded in 2018 and is based in Victoriaville, Que.

The financing round marks “a significant milestone,” according to the company, enabling it to recapitalize its debt structure and position itself for future growth.

“This substantial debt financing represents a pivotal moment for Vosker as we advance towards our ambitious goal of becoming a global champion in the surveillance technology industry. With this capital infusion, we have the means to execute tactical growth projects and solidify our position as an industry leader,” said Danny Angers, co-founder and chief financial officer, Vosker, in a company statement.

The company expressed gratitude to the Royal Bank of Canada (RBC),  for “spearheading the banking syndication and acting as the sole lead and bookrunner, and administrative agent.” Vosker also thanked Export Development Canada (EDC), the Bank of Nova Scotia (Scotiabank), National Bank of Canada, and the Fédération des Caisses Desjardins du Québec.

“Vosker is a long-standing EDC customer and we have witnessed first-hand their relentless pursuit to provide the world with innovative, reliable and sustainable surveillance solutions,” said Guillermo Freire, senior vice-president, Mid-Market Group. “Our continued financial support demonstrates our belief in their global growth and success over the long-term and is a reflection of their commitment to delivering value for their customers.”

Additionally, Vosker acknowledged partners Osler, Hoskin & Harcourt LLP, Deloitte Corporate Finance, McCarthy Tétrault LLP, Caisse de Dépot et Placement du Québec (CDPQ), GardaWorld, and Stéphan Crétier “for their unwavering support.”