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Fiera Capital to Acquire Integrated Asset Management
Fiera Capital to Acquire Integrated Asset Management Canada NewsWire MONTREAL, M...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\nFiera Capital to Acquire Integrated Asset Management\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\n\nCanada NewsWire\nMONTREAL, March 22, 2019\n\n\n\nTRANSACTION COMPLEMENTS EXISTING SUITE OF PRIVATE ALTERNATIVE INVESTMENT STRATEGIES, ADDING OVER $3 BILLION IN AUM AND COMMITTED CAPITAL\nTransforms Fiera Private Lending into a leading pan-Canadian non-bank private lending platform Accelerates Fiera Properties growth with a complementary niche offering focused on industrial property Transaction enterprise value of $64 million Accretive to Fiera Capital's 2019 EPS and Adjusted EPS MONTREAL, March 22, 2019 /CNW Telbec/ - Fiera Capital Corporation (\"Fiera Capital\" or the \"Firm\") (TSX: FSZ) announced today that it has entered into a definitive agreement with Integrated Asset Management Corp. (\"IAM\") (TSX: IAM) (the \"Agreement\") under which it will acquire all of the outstanding common shares of IAM (\"IAM Shares\") pursuant to a statutory plan of arrangement under the Business Corporations Act (Ontario) (the \"Transaction\"). IAM's private debt investment team will be incorporated within Fiera Private Lending and the industrial real estate team will be joining Fiera Properties, expanding the depth of strategies offered within Fiera Capital's Private Alternative Investments platform. The transaction received the unanimous support of the board of directors of both companies, and IAM shareholders holding 62% of issued and outstanding IAM Shares have entered into voting and support agreements in favour of the Transaction, as further described below. \nThe Transaction is expected to close in the second quarter of 2019. \n\"This acquisition further strengthens and diversifies Fiera Capital's private alternatives lending platform, bringing significant capabilities in private debt in addition to expanding our real estate platform,\" said John Valentini, President and CEO, Private Alternative Investments, Fiera Capital. \"We are excited to offer a leading private lending platform that is truly nationa...