Mergers & Acquisitions

Credit union central’s in merger talks

Central 1 Credit Union and Credit Union Central Alberta have announced today that they are in merger talks. The consolidation of the two centrals would affect more than 190 credit unions in B.C., Alberta and Ontario.

By Staff |October 17, 2011

1 min read

Industry

Sun Life buys out McLean Budden

Sun Life Financial has announced it has bought out the minority shares in its McLean Budden investment management subsidiary, and will transfer the business to its MFS Investment Management (MFS) unit.

By Staff |September 29, 2011

2 min read

Industry

Pinnacle Wealth buys Exempt Analyst

Pinnacle Wealth Brokers has announced the acquisition of Exempt Analyst, one of Canada's largest exempt market research firms.

By Staff |September 29, 2011

1 min read

Industry

National Bank buys HSBC’s advisory business

National Bank of Canada has struck a deal to buy the full service investment advisory business of HSBC Securities (Canada) Inc. for $206 million in cash.

By Staff |September 20, 2011

2 min read

BDO buys KPMG’s consumer insolvency practice

BDO Canada Limited has announced the purchase of KPMG’s consumer insolvency practice. It will be merged into BDO’s national financial recovery services practice. Effective August 26th, 2011, the practices now operate under the BDO Canada Limited name. “We are proud to combine forces with such a strong practice,” said Bill Courage, National Insolvency Practice Leader, […]

By Staff |August 29, 2011

1 min read

Capital Business Solutions to merge with MNP LLP

Capital Business Solutions (CBS) Inc., an Edmonton-based firm confirmed its merger with MNP LLP, one of Canada’s largest chartered accountancy and consulting firms, effective September 1, 2011. “This merger allows us to strategically grow the firm by adding more resources and expertise to better serve the needs of the marketplace,” said Daryl Ritchie, chief executive […]

By Staff |August 23, 2011

2 min read

Jovian sells MGI Financial to Desjardins

Jovian Capital has announced a deal to sell its mutual fund dealer subsidiary MGI Financial Inc. to Desjardins Financial Security, for about $27 million. The deal is expected to close on or about September 30, 2011, subject to regulatory and contractual consents and approvals. The transaction includes MGIF’s various subsidiaries, including its 50% stake in […]

By Staff |August 12, 2011

3 min read

Power Corp. buys stake in Chinese asset manager

Power Corporation has struck a deal to purchase 10% of China Asset Management Co. Ltd. (China AMC) from CITIC Securities Co. Ltd., for about C$276 million. China AMC was established in 1998 and was one of the first asset management companies approved by the China Securities Regulatory Commission. It is recognized as the leading company […]

By Staff |August 11, 2011

1 min read

Mergers & Acquisitions

Credit union central’s in merger talks

Sun Life buys out McLean Budden

Pinnacle Wealth buys Exempt Analyst

National Bank buys HSBC’s advisory business

B2B Trust buys Mackenzie’s MRS Companies

Western Financial buys two insurance agencies

BDO buys KPMG’s consumer insolvency practice

Capital Business Solutions to merge with MNP LLP

Jovian sells MGI Financial to Desjardins

Power Corp. buys stake in Chinese asset manager