Canadian growth equity firm XPND Capital has hired Eric Albert as its vice-president, investments, effective immediately. Albert, a business executive and investor, most recently worked as executive vice president at Stingray Digital Group Inc, a Canadian multi-platform music service provider that went public last June. In his new role at XPND, Albert will participate in all aspects of investment activity and help support companies entering the portfolio. Montréal-based XPND is currently marketing its second fund, XPNDCroissance Fund, which has so far raised $52 million of its $70 million target.
Eric Albert Joins XPND Capital as Vice-President, Investments
MONTREAL, QUEBEC–(Marketwired – Jan. 5, 2016) – XPND Capital, a Quebec-based private equity firm focused on growth investments today announced that Eric Albert joined the firm as Vice-President, Investments effective immediately. Mr. Albert will participate in all aspects of XPND Capital’s investments and help support a growing portfolio of companies.
“I am pleased to welcome Eric. He brings extensive operational and financial experience and completes our team of investment professionals very well,” said Alexandre Taillefer, Managing Partner at XPND Capital. “We are entering 2016 with several high-potential projects and expect to close our second fund XPNDCroissance in the near term. Eric’s expertise and industry experience will quickly be put to contribution.”
“I am very excited to join XPND Capital. The team’s hands-on and collaborative approach to buying, holding and growing high-potential companies is unique and visionary. I look forward to helping XPND Capital achieve its growth objectives and supporting the next generation of large successful companies in Quebec,” said Eric Albert.
Eric Albert is a seasoned executive with extensive international experience in Operations, Finance, Sales, Marketing, Business Development and Mergers & Acquisitions within the Technology, Media and Telecom industries. Most recently, Eric was Executive Vice President with Stingray Digital Group Inc., where he oversaw all aspects of operations and actively participated in the company’s Mergers and Acquisitions initiatives. Previously, Eric was with the Canadian Broadcasting Corporation where he was General Manager for Galaxie, the Corporation’s digital pay audio service. Prior to the CBC, Eric served as Head of North American Operations for Gameloft, a mobile content developer affiliated with Ubisoft and before Gameloft, Eric held various sales, marketing and operations positions in the information technology and consumer electronics industries. Eric holds a Certified Professional Accountant (CPA) designation and an MBA in Technology Management from l’École des Sciences de la Gestion at Université du Québec à Montréal.
About XPND Capital
XPND Capital is a private equity firm focused on growth investments in exceptional Quebec-based companies. Its mission is to help build the next generation of large successful companies in Quebec, by entrepreneurs in their growth phase and contributing strategic capital. XPND Capital brings together the expertise, network and capital of many renowned technology entrepreneurs and has the support of the Caisse de dépôt et placement du Québec and Investissement Québec, both large institutional investors. For more information, please visit www.xpnd.com.
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Photo courtesy of XPND Capital