“Sagard Personal Fairness Canada brings distinctive mid-market expertise and distinctive sources, together with an intensive community of enterprise relationships, which can strengthen our capability to serve purchasers and assist the accelerated development of our group,” mentioned Sewell. “With this partnership, Lorne Park is healthier positioned than ever to ship distinctive service and revolutionary options to our purchasers in each Canada and the USA.”
The agency was created to carry collectively boutique funding administration and wealth advisory corporations as a way to ship strong, cost-effective funding options to prosperous traders, foundations, estates and trusts.
“This Transaction, with its vital money premium, represents an distinctive end result for Lorne Park shareholders and supplies certainty to shareholders whereas Lorne Park pursues its ongoing transformation,” mentioned Christopher Dingle, Lorne Park’s Chairman and Chair of the Particular Committee.
In addition to offering money to shareholders, the involvement of Sagard Personal Fairness Canada additionally offers Lorne Park a strategic accomplice that may assist the agency to develop and develop its service to purchasers.
“Our fund invests in robust center market Canadian corporations, and now we have constructed robust conviction with Lorne Park’s imaginative and prescient, technique, and administration group. We’re trying ahead to accomplice with its management group to proceed constructing a best-in-class wealth administration platform and supporting the corporate’s long-term development plans”, mentioned Marie-Claude Boisvert, Companion and Head of Sagard Personal Fairness Canada.