Caisse de dépôt et placement du Québec (CDPQ), a global investment group, has completed a significant investment in ICR, a provider of strategic communications and advisory services. Investcorp, a global alternative investment firm will remain as an existing investor.

CDPQ will join the ICR team to support ICR’s growth and expansion of existing services and entry into new markets. The firm provides fully integrated services across investor relations, public relations, transaction advisory, ESG and digital branding. ICR has already seen double digit compounding growth since its inception in 1998 and anticipates total revenue to grow organically over 70% to nearly $200 million in 2021.

“ICR has created a remarkable value proposition for companies and their leadership teams thanks to its unique portfolio of services, high‑quality network and the distinctive profile of its client-facing team members who possess deep industry and capital markets knowledge,” said Martin Laguerre, executive VP at CDPQ.

Jefferies LLC served as lead financial advisor, while William Blair also served as financial advisor for Investcorp and ICR. White & Case acted as company counsel. Credit Suisse served as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel for CDPQ.