Tue, May 17, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Fiera Capital to buy Integrated Asset Management for $74m

Monday, March 25, 2019

Laxman Pai, Opalesque Asia:

Montreal-based Fiera Capital announced that it is set to acquire Toronto-based Integrated Asset Management (IAM) for a total consideration of $74m.

The CAD136.7bn ($102bn) global asset manager has agreed with IAM to buy all of the shares of the $3.1bn alternative asset manager. Fiera Capital will pay $55.5m in cash and $18.5m of Fiera Capital shares.

Under the agreement, IAM's private debt investment team will join Fiera Private Lending and its industrial real estate team will join Fiera Properties.

The deal is expected to close in the second quarter of 2019, said a press release from Fiera Capital.

"We are acquiring a real estate business with a unique investment strategy that is complementary to Fiera Properties' existing business. For our clients, this means further investment opportunities into an asset class with stable and recurring cash flows and a unique level portfolio diversification," said Peter Cuthbert, the president of Fiera Properties, in the release.

"We are excited to offer a leading private lending platform that is truly national and further develop our real estate investment strategies, while simultaneously driving the growth and distribution of an enhanced suite of private markets strategies," he added.

Jean Gamache, president, Fiera Private Lending, said: "With this acquisition, Fiera Private Lending becomes one of the leading pan-Canadian non-bank lending platforms in the country.

"In addition to......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Schroders acquires European renewable infrastructure manager Greencoat Capital[more]

    Laxman Pai, Opalesque Asia: British multinational asset management company Schroders has completed the acquisition of a 75% shareholding in Greencoat Capital, one of Europe's largest investment managers dedicated to the high-growth renewable infrastructure market. The remaining 25% is owned by Gr

  3. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  4. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  5. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm