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Sign in Sign up for a FREE subscriptionSagard acquires EverWest
Sagard Holdings has acquired EverWest Real Estate Investors and EverWest Advisors from Great-West Lifeco Inc. (Lifeco), creating Sagard’s real estate investment platform and increased presence in the U.S. market.
As part of the transaction, Sagard Holdings and Lifeco formed a strategic partnership. Lifeco will commit to investing approximately $2 billion in EverWest investment vehicles to support EverWest’s future growth. In addition, the partnership includes capital commitments of up to a further approximately $500 million by Lifeco into certain Sagard funds (incremental to its current commitments to certain existing Sagard funds). The transaction will also give Lifeco a minority equity stake in Sagard Holdings Management Inc., a subsidiary of Sagard.
