Mergers & Acquisitions

Scotiabank to buy ING Bank of Canada

Scotiabank says it has reached an agreement to buy ING Bank of Canada from Netherlands-based parent ING Group for $3.13 billion in cash.

By Melissa Shin and Wire services |August 29, 2012

2 min read

Industry

Manulife acquires Wellington West’s MFDA advisors

Manulife Financial will acquire independent financial planning firm Wellington West Financial Services Inc. from the National Bank Financial Group.

By Wire services |August 29, 2012

2 min read

Industry

Public sector consulting firm merges with MNP

Toronto-based consulting firm PSTG will merge with MNP, a major Canadian chartered accountancy firm, on October 1, 2012.

By Staff |August 29, 2012

1 min read

Industry

M&A will boost manufacturer sentiment

Manufacturers’ optimism about the Canadian economy has dipped 22 points since last quarter, says the PwC Manufacturing Barometer report for Q2 2012. Since Canada is dependent on exports, uncertainty in major markets like Asia and the U.S. is weighing on industry sentiment. But, the survey also suggests revenue projections are moderately strong. The vast majority […]

By Staff |August 27, 2012

2 min read

BMO and CIBC advisors move to Macquarie

Tom Gougeon and Shelly Lairar are joining the Gougeon Lairar Investment Team at Macquarie’s Ottawa office. They’re making the move from BMO Nesbitt Burns. Both have a book worth $147 million and revenues of over $1 million, along with experience in portfolio management, corporate finance, multigenerational financial planning and private equity. Also, Randy Bretzer is […]

By Staff |August 20, 2012

1 min read

M&As heat up: Are your clients ready?

Whether it’s the TMX takeover, ING selling its Canadian banking arm, or advisor teams moving over to Macquarie, M&As seem to be on the rise in the financial industry. In fact, of late they’re a weekly occurrence.

1 min read

Maple renamed as TMX offer completed

Maple Group Acquisition Corporation has officially been renamed TMX Group Limited. The Montreal exchange announced the expiry of the deposit extension period in respect to Maple’s offer today, and approximately 95.4% of the outstanding shares have been deposited under the offer, up from 91% during the finalization of the offer. Read: TMX takeover leaves questions […]

By Staff |August 13, 2012

1 min read

Toronto accounting firm to merge with MNP

Sacks LLP, a chartered accounting and consulting firm, will merge with MNP LLP. The merger is effective September 1, 2012. The Sacks team of 25 will remain at their current location in North York, Ont. The firm has served the private real estate industry for over 20 years. Both companies say they were looking for […]

By Staff |August 9, 2012

1 min read

CIBC to acquire private wealth business

CIBC is set to buy MFS McLean Budden’s private wealth business, which manages $1.4 billion in assets for high net worth individuals and foundations. Terms of the transaction were undisclosed. The deal is subject to regulatory approval, and is expected to close in Q4 2012. “This opportunity aligns with CIBC Wealth Management’s strategic priority to […]

By Staff |August 7, 2012

1 min read