Des millions $ en fonds publics pour l événement des Desmarais journaldemontreal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journaldemontreal.com Daily Mail and Mail on Sunday newspapers.
Power’s Sagard Holdings launches Canadian private equity business
Power Corporation subsidiary Sagard Holdings has launched a new private equity (PE) business in Canada, the first foray for the firm into the PE space in Canada.
The new business unit, announced Monday, is being led by PE veteran Marie-Claude Boisvert, formerly of Clearspring Capital Partners. She is joined by Patrick Daignault as partner. Daignault previously served as senior director of PE at PSP Investments, based in Montreal, where he led several investments in business and financial services verticals.
With the launch of the new business line, Sagard is reportedly looking to raise around $400 million for an initial PE fund, according to The Globe and Mail. For investments, it is focusing on the middle market, companies with at least $10 million in annual profit. Sagard is using its own capital to launch the PE business, with plans for external fundraising efforts beginning in the middle of 20