Natixis Investment Managers and Fiera Capital Form strategic partnership

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.