Business
Great-West Lifeco closes transaction establishing strategic relationship with Sagard Holdings
Great-West Lifeco closes transaction establishing strategic relationship with Sagard Hold...
About this update from Great-west Lifeco Inc.
[{"type":"text","content":"\n \n \n \n Great-West Lifeco closes transaction establishing strategic relationship with Sagard Holdings\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n WINNIPEG, MB\n \n ,\n \n Nov. 19, 2021\n \n /CNW/ - Great-West Lifeco Inc. (\"Lifeco\") today announced it has completed the previously announced sale of its\n \n Colorado\n \n -based subsidiaries, EverWest Real Estate Investors, LLC and EverWest Advisors, LLC (\"EverWest\"), to Sagard Holdings Inc. (\"Sagard\").\n \n \n \n \n \n \n \n \n \n As part of the transaction, Lifeco has made a capital commitment of approximately\n \n US$500 million\n \n into certain\n \n Sagard\n \n strategies. In addition, Lifeco has committed to investing a further approximately\n \n US$2 billion\n \n in real estate related investments to support EverWest's future growth within\n \n Sagard\n \n . In exchange, Lifeco will acquire a minority stake in Sagard Holdings Management Inc., a subsidiary of\n \n Sagard\n \n .\n \n \n For more information about this transaction, please refer to the\n \n news release dated\n \n October 6, 2021\n \n \n .\n \n \n \n About\n \n Sagard\n \n \n \n \n Sagard\n \n is a multi-strategy alternative asset manager with more than\n \n US$8 billion\n \n under management and professionals located in\n \n Canada\n \n , the US,\n \n Europe\n \n and\n \n Asia\n \n .\n \n Sagard\n \n seeks attractive investment returns through a combination of flexible capital, entrepreneurial and disciplined culture and a unique global network of portfolio companies, limited partners, advisors and other valued relationships. Today,\n \n Sagard\n \n invests across four asset classes: private equity (Sagard Private Equity Canada, Sagard Europe, Sagard NewGen), private credit (Sagard Credit Partners), royalties (Sagard Healthcare Royalty Partners), and venture capital (Portage Ventures and our ecosystem partner, Diagram Ventures).\n \n \n \n About Great-West Lifeco\n \n \n Great-West Lifeco Inc. is an international financial services holding company with interests in life insurance, health insuran...