Natixis Investment Managers and Fiera Capital Form strategic partnership
Canada | June 03, 2019
Client: Natixis Investment Managers
Our Montreal and Toronto office advised Natixis Investment Managers ("Natixis") on its long-term strategic partnership with Fiera Capital Corporation (“Fiera Capital”) (TSX: FSZ), pursuant to which (i) Natixis acquired 10.68 million Class A subordinate voting shares of Fiera Capital ("Fiera Class A Shares") from a wholly-owned subsidiary of National Bank of Canada (“NBC”), and from DJM Capital Inc., for a total consideration of C$128.16m; (ii) Natixis and Fiera Capital entered into a long-term distribution agreement; and (iii) Natixis and Fiera Capital entered into a purchase agreement whereby Fiera Capital will acquire Natixis' Canadian operations. Fiera Capital also concurrently repurchased for cancellation 2.45 million Fiera Class A Shares from a wholly-owned subsidiary of NBC for a total consideration of C$29.40m.
The team included Paul Raymond, Andrew Grossman, David Crandall, Renee Loiselle, Michael Bunn and Alexandra Persaud.
The team included Paul Raymond, Andrew Grossman, David Crandall, Renee Loiselle, Michael Bunn and Alexandra Persaud.