March 15, 2021
On March 9, 2021, Seward & Kissel client iM Global Partner SAS announced that it will acquire Litman Gregory & Company, LLC.
Under the terms of the agreement, iM Global Partner SAS (“iM Global”) will acquire Litman Gregory & Company, LLC (“Litman”). Terms of the deal were not disclosed. The transaction is subject to approval of the SEC and is expected to close in the second quarter of 2021. A Seward &…
March 4, 2021
August 13, 2020
On August 4, 2020, it was announced that Mackenzie Financial Corporation will acquire GLC Asset Management Group Ltd. Under the terms of the transaction, Mackenzie Financial Corporation (“Mackenzie”) will acquire Great-West Lifeco Inc.’s (“Lifeco”) subsidiary, GLC Asset Management Group Ltd. (“GLC”). Lifeco will receive cash consideration of CAD 175 million…
May 1, 2020
On April 23, 2020, Stonehage Fleming announced an agreement to acquire the investment management activities of Cavendish Asset Management. Under the terms of the transaction, Stonehage Fleming (“Stonehage”) will acquire the investment management activities of Cavendish Asset Management (“Cavendish”). Stonehage Fleming Investment Management will assume management of Cavendish’s four OEIC…
April 17, 2020
On April 9, 2020, Canoe Financial LP announced that it will acquire the managing rights to Fiera Investments LP’s mutual funds.
February 20, 2020
On February 18, 2020, Franklin Resources, Inc. announced that it had entered into an agreement to acquire Legg Mason, Inc. Pursuant to the agreement, Franklin Resources, Inc. (“Franklin Templeton”) will acquire Legg Mason, Inc. (“Legg Mason”) in an all-cash transaction. Franklin Templeton will pay $50 per share of common stock,…
December 16, 2019
December 2, 2019
On November 25, 2019, The Charles Schwab Corporation announced that it had entered into an agreement to acquire TD Ameritrade Holding Corporation in an all-stock transaction. Pursuant to the agreement, The Charles Schwab Corporation (“Charles Schwab”) will acquire TD Ameritrade Holding Corporation (“TD Ameritrade”) in a $26 billion, all-stock transaction.