Fiera Capital Acquires Centria Commerce

November 30, 2016

On November 10, 2016, Fiera Capital Corporation announced that it had acquired Centria Commerce Inc.

Through the transaction, Centria Commerce Inc. (“Centria”) will be integrated into Fiera Capital Corporation (“Fiera Capital”) as a new private lending platform called Fiera Private Lending. The total consideration for Centria was C$33 million, of which C$10 million was paid in cash. Over the next three years, if certain AUM, revenue and EBITDA targets are met, additional consideration of up to C$12 million may be paid in Class A subordinate voting shares of Fiera Capital. The transaction was conditionally approved by the Toronto Stock Exchange and is expected to be accredited to Fiera Capital’s adjusted earnings per share immediately.

Centria, which is based in Quebec, is a private investment manager specializing in construction financing, real estate, and short-term business financing. Centria established a close working relationship with Fiera Capital in 2008. Almost all of Centria’s assets under management consist of Fiera Capital’s existing client assets.

Fiera Capital is an independent asset management firm providing full service integrated money management solutions in Canada and the US. As of September 30, 2016, Fiera Capital had over C$112 billion in assets under management.

To read the press release: please click here.


Investment Manager M&A, Transactions