Mergers & Acquisitions

Decorative pattern

Industry

Fundco consolidation plays close

A pair of high profile deals in the mutual fund industry closed today, with Scotiabank finalizing its acquisition of DundeeWealth, and AGF closing its deal to buy Acuity. Scotiabank announced that 118 million common shares – as well as all special shares, series C and first preference shares, series X – had been tendered to […]

By Steven Lamb |February 1, 2011

3 min read

Desjardins mails out takeover bid circulars

Industry

Desjardins mails out takeover bid circulars

Desjardins Financial Corporation has mailed its formal offer and take-over bid circular to registered shareholders of Western Financial Group, which offers insurance and financial services in British Columbia, Alberta, Saskatchewan and Manitoba. In late December, Desjardins entered into a support agreement with Western Financial Group to acquire all of the issued and outstanding common shares […]

By April Scott-Clarke |January 21, 2011

1 min read

Decorative pattern

Industry

Accretive Advisor buys Advisor Impact

Merger and acquisition activity in Canada has picked up in 2011, with a deal within the advisor services industry. Accretive 360 Inc., the parent company to Accretive Advisor, bought Advisor Impact Inc. of Toronto, the leading North American research boutique on the investor-advisor relationship. The acquisition marries the unique online matching tools of Accretive Advisor […]

By Vikram Barhat |January 20, 2011

1 min read

BMO picks up Hong Kong asset manager

Industry

BMO picks up Hong Kong asset manager

BMO Financial Group has struck a deal to purchase Hong Kong-based Lloyd George Management, an independent investment manager with about US$6 billion in assets under management. “The acquisition of Lloyd George provides the scale for further expansion of BMO Asset Management and bolsters our portfolio management capabilities in Asian and emerging markets, allowing us to […]

By Staff |January 11, 2011

1 min read