On March 22, 2016, Fiera Capital Corporation announced the formation of a JV with Aquila Infrastructure Management Inc.
The new alternative investment company, Fiera Infrastucture Inc. will have about CAD$500 million in invested and committed capital. The transaction will bring Fiera Capital Corporation’s (“Fiera Capital”) asset portfolio to CAD$1.2 billion. Current Aquila Infrastructure Management Inc. (“Aquila”) CEO Alina Osorio will assume the role of President of the new company.
The transaction will close in the second quarter of 2016.
Fiera Capital is an independent asset management firm and is listed on the Toronto Stock Exchange. As of December 31, 2015, Fiera Capital had CAD$100 billion in assets under management.
Aquila is a Canada-based infrastructure management firm with approximately CAD$240 million in assets under management.
To read the press release, please click here.