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CANACCORD GENUITY GROUP INC. ANNOUNCES ACQUISITION OF U.S. CONSUMER-FOCUSED M&A ADVISORY FIRM SAWAYA PARTNERS
CANACCORD GENUITY GROUP INC. ANNOUNCES ACQUISITION OF U.S. CONSUMER-FOCUSED M&A ADVIS...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n \n \n \n CANACCORD GENUITY GROUP INC. ANNOUNCES ACQUISITION OF U.S. CONSUMER-FOCUSED M&A ADVISORY FIRM SAWAYA PARTNERS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n CANACCORD GENUITY GROUP INC. ANNOUNCES ACQUISITION OF U.S. CONSUMER-FOCUSED M&A ADVISORY FIRM SAWAYA PARTNERS\n \n \n Canada NewsWire\n \n \n \n \n \n \n Addition of preeminent independent M&A advisory firm builds on momentum in investment banking and advisory segments\n \n \n \n \n \n TORONTO\n \n ,\n \n Dec. 21, 2021\n \n /CNW/ - Canaccord Genuity Group Inc. (TSX: CF) (the \"Company\") is pleased to announce that it has entered into a definitive agreement to acquire Sawaya Partners (\"Sawaya\"), a leading independent M&A advisory firm to the consumer sector based in\n \n New York\n \n . This acquisition underscores the Company's commitment to expanding its advisory capability and builds upon its existing consumer practice, while providing a strong intersection with core CG focus sectors of technology, media, healthcare, and sustainability.\n \n \n Since expanding its advisory business in 2019, Canaccord Genuity's U.S. capital markets business has been a growing contributor of revenue and net income. At the end of fiscal 2021, revenue from advisory activities in this business increased by 200% when compared to the end of fiscal 2018. Increased contributions from advisory activities have contributed to substantial earnings and margin growth in this business since 2019.\n \n \n Founded in 2001, Sawaya Partners has established itself as a globally recognized, premium independent M&A advisory business with deep domain expertise in the consumer sector. Since its inception, the Sawaya Partners principals have established broad-based and lasting relationships with corporations and sponsors, which has allowed them to generate meaningful repeat engagements and revenue growth.\n \n \n \"We are excited to be building upon the success of our advisory practice with the high-quality team of professionals from Sawaya Partners and adding deep domain exp...