Power Corp's Sagard partners in acquisition of Sabena Technics

A consortium of Sagard, Bpifrance and TowerBrook have acquired a majority interest in Sabena Technics, a Paris-based provider of aircraft maintenance and modification services in Europe. No financial terms were disclosed. The seller was France's TAT Group, which will remain a minority shareholder. TAT, which acquired Sabena Technics in 2005, said the new majority owners will provide the company with the resources needed to support its growth. Sagard is the French investment arm of Canadian management and holding company Power Corp.

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