- Business
- Power Corporation of Canada (TSX: POW) is an international management and holding company that focuses on financial services in North America, Europe and Asia; it holds controlling interests in leading providers of insurance, retirement solutions, wealth management, and investment management, including alternative asset platforms such as Sagard and Power Sustainable. Through its principal operating companies Great-West Lifeco Inc., IGM Financial Inc., and a significant stake in Groupe Bruxelles Lambert SA, the company offers life, health and dental, disability, critical illness, creditor and reinsurance products; retirement savings, income, annuity and segregated funds; pension and investment products for individuals and small business owners; wealth and asset management services supporting financial advisors; listed and private investments; alternative assets including private equity primaries, secondaries and co-investments; fintech solutions via investments in Wealthsimple and others; and sustainable energy infrastructure. Founded in 1925 and headquartered in Montreal, Quebec, Power Corporation operates as a subsidiary of Pansolo Holding Inc. and serves institutional, high-net-worth and retail clients across its key geographic regions. Recent developments include Sagard's September 2025 strategic partnership with Baird Financial Group, under which Baird acquired a 5% interest to expand U.S. wealth channel distribution, and the combination of Sagard's middle-market private equity with Unigestion, expected to close in early 2026 and manage over US$23 billion in assets; Wealthsimple's October 2025 financing round of up to $750 million valuing the Power group's stake at $3.9 billion; Sagard's acquisition of the remaining interest in Performance Equity Management and a controlling stake in BEX Capital; Power Sustainable's appointment of Bruce Heyman as CEO and phase 1 closing of a 50% stake in the Desert Quartzite Solar+Storage Project; and the completion of an 8 million Series H preferred share offering for $200 million gross proceeds in September 2025.