On October 9, 2015, Front Street Capital 2004, a Toronto-based investment manager, announced that it had entered into an agreement to sell a controlling interest in itself to FS Group Holdings Ltd.
Under the agreement, FS Group Holdings Ltd., a new company formed by a group of strategic investors, will acquire certain partnership interests in Front Street Capital 2004 (“Front Street”). All of Front Street’s current portfolio managers are expected to remain in place after the transaction is completed.
The transaction is expected to close prior to the year’s end and is subject to approval by Canadian securities authorities.
To read the press release: please click here.