GMP Capital to Acquire FirstEnergy Capital

September 19, 2016

On August 4, 2016, GMP Capital Inc. announced that it had agreed to the acquisition of Canada-based FirstEnergy Capital Corp.

GMP Capital Inc. (“GMP”) will acquire FirstEnergy Capital Corp. (“FirstEnergy”) for a total consideration of $98.6 million, $58.9 million of which will be in the form of restricted GMP common shares. The remainder will be paid by GMP issuing an unsecured promissory note.

GMP is an independent diversified financial services firm headquartered in Toronto, Canada. It has offices across North America and Asia.

FirstEnergy was established in 1993 and provides financial advisory and investment services to a broad range of corporate clients and sophisticated investors in the global energy sector.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions