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Sagard Private Equity Canada Reaches CAD $400 Million in Committed Capital

June 27, 2022
Sagard announced this week that while fundraising efforts are still underway, its first private equity fund, Sagard Private Equity Canada, has achieved its initial target fund size of $400 million ahead of schedule.
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Sagard announced this week that while fundraising efforts are still underway, its first private equity fund, Sagard Private Equity Canada, has achieved its initial target fund size of $400 million ahead of schedule.

SPEC's goal is to be the partner of choice for Canadian mid-market entrepreneurs on their quest to become market leaders. Sagard believes SPEC is well-positioned to create value through its seasoned investment team, differentiated approach and powerful network.

"We are very pleased to be reaching this milestone so quickly and look forward to welcoming new investors as our fund remains open for additional commitments," said Marie-Claude Boisvert, partner and head of SPEC. "We will continue to focus on investing diligently in Canadian mid-market companies with aligned management teams, resilient business models, strong cash flows, and defensible market positions – those are the companies we want to partner with to catalyze growth."

"Today's announcement is a testament to the talent and expertise of Marie-Claude Boisvert and the talented team she has assembled with Patrick Daignault,” said Paul Desmarais III, chairman and CEO of Sagard. “We are proud of her leadership and grateful for the support we have received from our limited partners."

SPEC has invested in leading Québec rental company Groupe Lou-Tec, which recently acquired Accès Location+, the aerial lift equipment rental specialist. This transaction will strengthen Lou-Tec's position as a Québec leader in heavy machinery equipment rental.

For more on Lou-Tec’s acquisition of Accès Location+, visit https://www.rermag.com/home/article/21245056/qubecs-largest-rental-company-groupe-loutec-acquires-lift-specialist-accs-location