GP Strategies Corporation (NYSE: GPX) has completed a private placement consisting of 2,857,143 shares of common stock with Sagard Capital Partners, L.P., for $7.00 per share. The private placement generated gross proceeds of $20 million to the company. The equity investment equates to an interest of about 15.4% at this point in time.
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About GP Strategies Corporation
GP Strategies, whose principal operating subsidiary is General Physics Corporation (GP), is a NYSE-listed company (GPX). GP is a global performance improvement solutions provider of sales and technical training, e-Learning solutions, management consulting and engineering services.
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