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Richmond Park Buys Olympia Group to Add Hedge Funds

Richmond Park Capital Holdings Ltd., a London-based investment bank and asset manager, agreed to buy Olympia Group to add $2 billion in funds of hedge funds and private client money.

Sagard Private Equity Partners, a Paris-based private equity firm started by Canada’s billionaire Desmarais family, is selling Olympia for an undisclosed amount, according to an e-mailed statement today.