On September 23, 2025, Sagard, a global alternative asset manager, and Unigestion, a European middle market private equity firm, have announced the combination of their private equity platforms, forming a larger global entity in the sector. The combined platform will manage over $23 billion USD (approximately $31.3 billion CAD) in private equity assets, and Sagard’s total assets under management will increase to about $44 billion USD (around $59.9 billion CAD) after the transaction closes. The deal specifically excludes Unigestion’s non-private equity businesses, and Sagard’s other direct private equity strategies in France and Canada will continue to be managed separately.

Bernard Sabrier, Group Chairman of Unigestion, will become Chairman of the new private equity platform and join Sagard’s Board as Vice Chairman. Jonathan Tétrault, Managing Partner at Sagard, will serve as CEO of the combined platform, while Christophe de Dardel and Mark Zünd will continue to lead Unigestion’s private equity business. The transaction is expected to close in early 2026, pending regulatory approvals.

UBS served as exclusive financial advisor to Unigestion, with Lenz & Staehelin as legal counsel to Unigestion Private Equity Holding SA shareholders. Sagard was advised by PricewaterhouseCoopers LLP (financial due diligence), Deloitte LLP (tax), and McDermott Will & Emery, Schellenberg Wittmer Ltd, and Blake, Cassels & Graydon LLP (legal).

The transaction value was not disclosed.