Mergers & Acquisitions / Joint Ventures

New wave of M&A sees Richmond Park buy Olympia Group

by

Marc Landeau

As M&A and consolidation is set to become a fund of funds theme in 2011, the announcement that Richmond Park Capital Holdings, the holding company of Richmond Park Partners has bought the Olympia Group of Companies from Sagard Private Equity Partners puts a marker in the sand for future deals.

According to the latest InvestHedge Billion Dollar FoHF Club, 8.3% of the funds of funds with $1 billion or more are looking to acquire other funds of funds to supplement skills sets that they are missing (see page 30).

The transaction, which is