A consortium led by Sagard, a new Franco-Canadian private equity firm, has bought Le Moniteur, a French publishing group, for €275m.

Le Moniteur was acquired from Vivendi Universal in June 2002 by Aprovia, a consortium of private equity firms comprising Cinven, Apax Partners and Carlyle. The exact purchase price is unknown as Le Moniteur was part of a larger €1bn acquisition involving other assets.