Sagard, a global multi-strategy alternative asset management firm with over US$27B of assets under management, announced that Groupe Bruxelles Lambert (GBL), a leading investment holding company, will acquire a five percent stake in Sagard via its subsidiary, GBL Capital. This partnership reinforces Sagard’s long-term growth strategy and marks a significant milestone in the firm’s continued growth and value creation. 

GBL has been an investor over multiple vintages in Sagard MidCap (Sagard's middle-market European private equity investment strategy), in the first Sagard NewGen fund (Sagard's European technology and healthcare private equity strategy) and in Portage Capital Solutions (Sagard's later-stage fintech and financial services investment strategy).

Torys acted as counsel to Sagard with a team that included Josh Lavine, Adam Ibrahim, Alison Shamie and Isaac Papsin (corporate/M&A) and Saira Bhojani (tax).