Ninepoint Acquires LOGiQ Global

July 12, 2019

On April 15, 2019, Ninepoint Partners LP announced that it had acquired the assets of LOGiQ Global Partners.

Pursuant to the agreement, Ninepoint Partners LP (“Ninepoint”) will acquire all of the assets of LOGiQ Global Partners (“LOGiQ Global”). Ninepoint will gain $3.5 billion in institutional contracts, additional experienced professionals and critical relations with Canadian institutional investors for a total consideration of C$12.4 million which includes a C$1.4 million cash payment, a C$9.5 million note with an annual interest rate of 10% and a C$1.5 million note with an annual interest rate of 10%. Further terms of the deal were not disclosed.

LOGiQ Global is the global institutional advisory business of Toronto-based Flow Capital Corp. (TSXV:FW) specializing in helping institutional investors diversify portfolios by introducing global asset managers.

Ninepoint is a Toronto-based alternative asset manager providing alternative solutions to the Canadian retail and institutional market. It has approximately C$2.5 billion in assets under management as of December 31, 2018.

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Investment Manager M&A, Transactions