On May 31, 2018, Fiera Capital Corporation (“Fiera Capital”), a leading independent asset management firm, completed the previously announced acquisition of CGOV Asset Management ("CGOV"), an Ontario-based investment management firm focused on high-net-worth and institutional investors with approximately C$5.0 billion in assets under management (“AUM”) as of March 31, 2018. The acquisition brings Fiera Capital's total AUM to over C$136 billion and significantly increases the firm's presence in the Canadian high-networth market and adds critical mass with the addition of CGOV's institutional clientele. The purchase price paid at closing, which remains subject to customary post-closing adjustments, totaled $114.2 million of which $48.2 million was paid in cash and $66 million was paid by the issuance of Class A Subordinate Voting Shares of Fiera Capital.
Fasken acted as counsel to Fiera Capital with a team that included François Brais, Gabriel Castiglio, Élise Renaud, Constantinos Ragas, Sandro Muzzo, Joëlle Simard, Matthew Quadrini and Dana Abrams.
