Our Montréal office has advised the special committee of the board of directors of Fiera Capital Corporation on Fiera's C$33 million acquisition of Centria Commerce Inc. from DJM Capital Inc.
Centria is a leading Quebec-based private investment manager that establishes and manages funds providing construction financing, real estate investment and short-term business financing. DJM is indirectly owned 80 per cent by Jean-Guy Desjardins, chairman and CEO of Fiera, and 20 per cent by entities controlled by Jean C. Monty, a member of Fiera's board of directors.
$10 million was paid in cash and the balance by the issuance of Fiera Class A subordinate voting shares. Additional consideration of up to $12 million may be paid in Class A shares over a period of 3 calendar years following the closing if certain AUM, revenue and EBITDA targets are met.
The team was led by Stephen Kelly, assisted by Peter Riddell, Melanie Josepovici, Derek Chiasson and Antoine Desroches.