Sagard acquires EverWest
Transactions - OCTOBER 11, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Sagard acquires EverWest

by Andrea Zander

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.

Forgot your username or password?