Sagard to double in size

French buy-out firm Sagard is set to more than double in size when it launches its new fund next year, which will raise between €700m ($824m) and €800m.

Sagard aims to launch the new fund in the second quarter of 2006. The company told Financial News it spent 80% of the €600m raised by its first fund after completing the acquisition of French connectors company Souriau, its ninth to date.

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