Abu Dhabi funding agency ADQ buys stake in $14.5b Canadian enterprise capital agency Sagard, together with Financial institution of Montreal

Abu Dhabi funding powerhouses ADQ and Mubadala proceed to make headway in elevating their profile abroad. The motion has additionally seen the likes of the UAE telecom holding firm e& turn out to be the most important shareholder in UK’s Vodafone and extra not too long ago coming into an alliance with Czech group PPF for potential forays into European markets.

These entities have ‘agreed with Sagard to make respective commitments of extra long-term capital’ to its present and future funding methods, ‘strengthening fundraising potential and accelerating the agency’s potential to launch new merchandise’.

“Sagard’s entrepreneurial potential to mobilize funding expertise, launch new differentiated methods and ship concrete outcomes has attracted us to companion with them,” mentioned Murtaza Hussain, Chief Funding Officer, M&A and Different Investments at ADQ. “Their dedication to leveraging their world community to be a value-added companion to ADQ is evident, and we’re excited to help their progress going ahead.”

The transaction is predicted to shut in the course of the third quarter of the yr. 

Launched in 2005, Sagard’s major publicity stays in US and Canada. The take care of ADQ-Financial institution of Montreal may increase the scope of future investments, together with on geography.

“These strategic partnerships will considerably speed up our imaginative and prescient of turning into some of the revered various funding administration corporations globally,” mentioned Paul Desmarais III, Chairman and CEO of Sagard. “Strategic companion capital permits us to draw high-quality funding groups, launch new funding methods, and fundraise extra quickly. As well as, it will increase our world community, making us even stronger enterprise companions for our portfolio corporations. We’re very excited to unlock this super potential.”