“Sagard Private Equity Canada brings unique mid-market experience and exceptional resources, including an extensive network of business relationships, which will strengthen our ability to serve clients and support the accelerated growth of our team,” said Sewell. “With this partnership, Lorne Park is better positioned than ever to deliver exceptional service and innovative solutions to our clients in both Canada and the USA.”
The firm was created to bring together boutique investment management and wealth advisory firms in order to deliver robust, cost-effective investment solutions to affluent investors, foundations, estates and trusts.
“This Transaction, with its significant cash premium, represents an exceptional outcome for Lorne Park shareholders and provides certainty to shareholders while Lorne Park pursues its ongoing transformation,” said Christopher Dingle, Lorne Park’s Chairman and Chair of the Special Committee.
As well as providing cash to shareholders, the involvement of Sagard Private Equity Canada also gives Lorne Park a strategic partner that will help the firm to grow and expand its service to clients.
“Our fund invests in strong middle market Canadian companies, and we have built strong conviction with Lorne Park’s vision, strategy, and management team. We are looking forward to partner with its leadership team to continue building a best-in-class wealth management platform and supporting the company’s long-term growth plans”, said Marie-Claude Boisvert, Partner and Head of Sagard Private Equity Canada.
