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Built to take on challenges, Sagard was formed in 2002 with the support of Power Corporation of Canada (www.powercorp.com). Around the Desmarais family, Sagard unites a group of influential industrial families and renowned financial institutions as both investors and advisors. Sagard’s founding partners and investors share an entrepreneurial spirit. They are industrial movers who reconcile the need for a long-term vision and disciplined financial management. Their common values and shared experience prompted them to provide all of the investment support for the first fund, Sagard I, which was closed in December 2003. In 2006, the second fund, Sagard II, successfully raised more than €1 billion in financing not only from the first fund’s Investors, who contributed more than €650 million, but from new industrial families and financial institutions as well. In November 2009, Sagard I investors unanimously approved a €100 million increase in the fund’s investment capacity, thereby raising it to €600 million. At the same time, to adjust to prevailing market conditions, the Sagard II fund was scaled back to its initial target of €808 million. The investment period was also extended by one year, to end on 31 December 2012, which will give the fund more time to seize the opportunities that are certain to arise. In addition to their financial backing, the investors offer Sagard and its portfolio companies their substantial experience and extensive global networks. The core of this organization is a multi-disciplinary team who manages the funds. With this comprehensive team, based in Paris, an experienced and influential Advisory Board and the financial backing of some of the world’s most successful investors, Sagard has the resources needed to achieve its objectives.
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