Sagard to launch fourth fund in Q1 2020

It is expected the French GP will target €800m for its fourth generation vehicle, Unquote has learned.

Historical backers Desmarais and Groupe Bruxelles Lambert are expected to commit to the fourth generation fund, Unquote has learned. 

The predecessor, Sagard III, was announced in 2013 and closed on €800m in January 2017. The investment strategy of the new vehicle is expected to mostly resemble the one of its predecessor, Unquote understands.  

Sagard III typically targets companies with a turnover in the €100-300m range, providing equity tickets of €50-100m. It does not exclude co-investment opportunities, having previously acted as minority investor alongside Siparex, Five Arrows and others.

The third vehicle is currently 90% deployed, according to a report by French publication Capital Finance. 

Acquisitions via the third generation fund include Sterimed (to be completed shortly), Sabena Technics (2018), Prosol Gestion (2016), Les Délices des 7 Vallées and Safic Alcan (2015), and Groupe Santiane (2013).

Sagard has declined to comment on the fundraise.

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• Sagard Private Equity