IPC Portfolio Services to Acquire Brigata Capital Management

August 26, 2013

On August 20, 2013, Canadian wealth manager Investment Planning Counsel Inc. announced that it will acquire all of the shares of mutual fund dealer Independent Planning Group Inc. and that  IPC Portfolio Services Inc. will acquire fund manager Brigata Capital Management Inc.  

On August 20, 2013, Investment Planning Counsel Inc., a Canadian wealth management company and a member of the IGM Financial Inc. (TSX: IGM) group of companies, announced that it will acquire all of the shares of Independent Planning Group, a mutual fund dealer serving over 200 financial advisors in Ontario, Quebec and British Columbia.  The transaction is subject to regulatory approval and customary closing conditions.  The terms of the transaction, expected to close later this year, were not disclosed.  In addition, IPC Portfolio Services Inc. will acquire Brigata Capital Management Inc., an investment fund manager.  The acquisition is subject to regulatory approval and the change in investment manager is subject to the approval of the unitholders of Brigata Diversified Portfolio.  The terms of the transaction, expected to close later this year, were not disclosed.

To read the press release, please click here.


Categories

Mutual Fund M&A, Transactions