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Sagard Capital Increases Ownership in GP Strategies by 350,000 Shares in a Private Transaction with Bedford Oak Partners, L.P.
Date:1/3/2012

ELKRIDGE, Md., Jan. 3, 2012 /PRNewswire/ -- GP Strategies Corporation (NYSE: GPX), a global performance improvement solutions provider of sales and technical training, e-Learning solutions, management consulting and engineering services, today announced that Sagard Capital Partners, L.P. ("Sagard Capital") has agreed to purchase 350,000 shares in a private transaction from Bedford Oak Partners, L.P. The closing of the transaction is subject to customary conditions and is expected to occur within the next week (but in any event prior to January 13th). This purchase increases Sagard Capital's ownership to 3,333,621 shares or 17.8% of GP Strategies' outstanding common stock.  GP Strategies is not a participant in the transaction.

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"We are extremely pleased that an investor like Sagard Capital continues to share our vision on the two-year anniversary of their original private placement.  We view their increased investment as a tangible sign of continued confidence in the direction of GP Strategies," commented Scott N. Greenberg, Chief Executive Officer of GP Strategies.

"We remain enthusiastic about our investment in GP Strategies.  GP Strategies has truly become a leading provider of custom training, consulting and technical services by building a foundation of strong global relationships with their clients," said Dan Friedberg, Managing Partner of Sagard Capital Partners, L.P.  Dan Friedberg is on the Board of Directors and Executive Committee of GP Strategies.

Bedford Oak Partners, L.P., for reasons of its own internal liquidity, decided to sell its shares in GP Strategies before the 2011 calendar year end. Harvey P. Eisen, Chairman of the Board of GP Strategies since April 2005, is als
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SOURCE GP Strategies Corporation
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