Mr Gilles Herard Jr., President of Capital Corp Merchant Banking, creates a fund for manufacturing projects in Canada.
Capital Corp Merchant Banking’s President Mr Gilles Herard, Jr. is proud to announce that as of 2011 he is putting together a fund for projects in the manufacturing sector of Canada, with special attention to the Quebec province. This fund has been two years in the making and was created specifically to help fund strong manufacturing projects. Capital Corp Merchant Banking is a merchant banking corporation that carries out project financing on a wide range of projects worldwide.
Orlando, FL (PRWEB) January 11, 2011 -- Mr Gilles Herard has worked to put this fund together in order to bring financing to projects related to the manufacturing industry in Canada, with special attention to that of Quebec, his home province. The fund is open to manufacturing projects of all kinds throughout Canada.Canada’s manufacturing sector has seen substantial growth in the last few years, particularly from 2009 to 2010. In the last quarter, higher sales were seen in 14 of 21 industries (representing 80% of total sales) and thetop five provinces that saw sales increases were Quebec, Ontario, Alberta, Newfoundland, and Saskatchewan,according to Statistics Canada in its Survey of Manufacturing
Capital Corp Merchant Banking will be open to mid-sized manufacturing projects in the amounts of $3.5 million to $12.5 million through the financing instrument of equity funding, wherein the investor (i.e. CapitalCorp) takes equity participation.
Mr Herard is a seasoned merchant banker and has been in the banking industry for 38 years. He worked early in his career at the Toronto Dominion Bank (Canada) and later on joined Manufacturer Hanover (MH) of NewYork as Senior Credit Analyst. He eventually created his own Firm, Capital Corp Merchant Banking, where he syndicates and structures funding for top companies worldwide, all the while investing his own firm’s funds into the projects. As the head of Capital Corp Merchant Banking, Mr Herard has become a leading figure in international middle-market project financing and engineers all funding structures for projects at Capital Corp.Mr Herard has received numerous awards for his work and other contributions including being appointed to thePresidential Business Commission, Honorary Co-Chairman of the Business Advisory Council, nominated asExecutive of the Year by the internationally acclaimed National Register’s Who’s Who, and having received the Senatorial Medal of Freedom, among many others.
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