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Bailey McCann, Opalesque New York: Sagard, a global alternative asset manager, and Unigestion, a European middle market private equity firm, are combining their private equity platforms. The new platform will manage over $23 billion USD in private equity assets. As a result of this combination, Sagard will manage approximately $44 billion USD in assets post closing.
Unigestion's non-private equity businesses are excluded from the transaction and Sagard's other direct private equity strategies based in France and Canada will continue to be managed separately.
"This combination paves the way for a new growth chapter and will be first and foremost beneficial to our LPs. Sagard's values and long-term orientation align closely with ours," said Bernard Sabrier, Group Chairman of Unigestion.
Bernard Sabrier, who has led Unigestion's strategic development over multiple decades, will be the Chairman of the new private equity platform and will join Sagard's Board as Vice Chairman, reinforcing long-term alignment and continuity as the two firms unite. The FAMSA foundation which he chairs will become a significant shareholder of Sagard.
"This partnership will considerably accelerate our journey to become a global leader in middle market private equity. It also marks a key milestone in our strategic expansion across both Europe and Asia," said Jonathan Tetrault, Managing Partner at Sagard. "I look forward to working with Chri...................... To view our full article Click here
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