Greenwich, CT-based GP Strategies Lands $20 Million. Hiring? You betcha!

Greenwich, Conn. -- GP Strategies, the parent of training, e-learning
and management consulting firm General Physics, said that it has landed
a $20 million equity investment from Greenwich-based Sagard Capital
Partners. Under the deal, Sagard acquired a 15.4% interested in the
company, buying nearly 2.9 million shares for $7 each. Scott Greenberg, the CEO
of GP Strategies, said that the investment strengthens his company's capacity
to make acquisitions and fund internal growth. Daniel Friedberg, a managing
partner at Sagard, has been named to the company's board of directors.

http://www.gpworldwide.com

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