Power Corporation of Canada is a renowned international management and holding company that primarily focuses on financial services across North America, Europe, and Asia. Founded in 1925, the company's core holdings encompass prominent insurance, retirement, wealth management, and investment businesses, along with a diverse portfolio of alternative asset investment platforms. Its subsidiary, Power Financial, holds majority stakes in leading entities such as Great-West Lifeco and IGM Financial.
Through its holdings, such as Canada Life, Irish Life, Putnam Investments, Empower Retirement, PanAgora Asset Management, IG Wealth Management, Mackenzie Investments, and Investment Planning Counsel, Power Corporation caters to a wide array of services including life insurance, health insurance, retirement and investment services, asset management, and reinsurance services.
The company's expertise and industry leadership have captured the attention of various investors. Notably, its recent post-IPO equity investment of $210.00M at 15 June 2022 saw participation from a notable group of investors including CIBC Innovation Banking, Export Development Canada, Farm Credit Canada, The Canada Life Assurance Company, BMO Capital Markets, and Fonds de solidarité FTQ.
Power Corporation's influence and extensive portfolio within the energy and financial services industries solidify its position as a key player in the global market, with a significant focus on renewable energy. With its headquarters in Canada, the company continues to demonstrate its ability to attract substantial investments and maintain a leading position in the industry.