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iA Financial Corporation to acquire RF Capital Group Inc.
Strengthening iA’s position in the Canadian independent wealth management space Ad...
About this update from Ia Financial Corporation Inc.
[{"type":"text","content":"iA Financial Corporation to acquire RF Capital Group Inc.\n\n\n .bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n.bwlistsquare { list-style-type: square }\n.bwpadl0 { padding-left: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth29 { width: 29% }\n.bwwidth70 { width: 70% }\n \n\n\n\n\n Strengthening iA’s position in the Canadian independent wealth management space\n \n\n\n\n Adding more than $40B in assets under administration (AUA)\n \n 1,2\n \n and enhancing presence in the high-net-worth segment\n \n\n Purchase price of $597 million includes a $370 million valuation for RF Capital's fully diluted equity\n \n 3\n \n and $227 million in financial obligations (revolving debt and preferred shares)\n \n\n Advisor retention strategy to be deployed to maintain and grow our national distribution network\n \n 4\n \n\n\n Expanding national footprint with RF Capital’s complementary and distinctive wealth advisory distribution model\n \n\n Unlocking strong synergy opportunities across technology, operations, innovation, and products\n \n\n Elevating value proposition and personalized financial solutions for clients through a best-in-class advisor digital platform and product selection\n \n\n Acquisition expected to be neutral to core earnings\n \n 5\n \n in the first year and to be accretive to core EPS\n \n 6\n \n of at least $0.15 in the second year\n \n\n\n\n\n iA Financial Corporation Inc. (“iA”) (TSX: IAG) and RF Capital Group Inc. (“RF Capital”) (TSX: RCG) announced today that they have entered into a definitive agreement (the “Arrangement Agreement”), pursuant to which iA will acquire all of the issued and outstanding common shares of RF Capital for $20.00 per share in cash (the “Transaction”).\n \n\n RF Capital is a leading independent wealth management company based in Canada, operating under the Richardson Wealth brand. It is renowned for providing comprehensive, client-foc...