The acquisition is the largest to date for Sagard, the alternative asset management arm of the wealthy Desmarais family’s firm, Sagard spokesperson Marc Pion said in an email. The companies did not disclose the terms of the deal. (The Logic, The Globe and Mail)
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The acquisition is the largest to date for Sagard, the alternative asset management arm of the wealthy Desmarais family’s firm, Sagard spokesperson Marc Pion said in an email. The companies did not disclose the terms of the deal. (The Logic, The Globe and Mail)
Talking point: Sagard has used acquisitions to fuel rapid growth, with its assets under management set to reach US$44 billion once the deal closes, up from US$6 billion in 2020. Sagard chair and CEO Paul Desmarais III told The Globe and Mail he plans to keep up the pace of acquisitions next year, with a goal of reaching US$100-billion of assets under management by 2029. Sagard will continue to manage its direct private equity strategies based in France and Canada separately. Earlier this month, Milwaukee, Wis.-based financial services firm Baird took a minority stake in Sagard and said it will help the firm distribute its products in the U.S.
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