Mergers & Acquisitions

Canaccord buys stake in Australian firm

Canaccord Financial today announced it has forged partnership with BGF Equities which will result in an expansion of its operations into Australia and Hong Kong. The partnership entails the acquisition of a 50% equity interest in BGF Capital Group Pty Ltd (commonly known as BGF Equities), one of the fastest growing boutique equities advisory firms […]

By Vikram Barhat |August 2, 2011

1 min read

Industry

Jovian sells ETF business

Jovian Capital Corporation has entered into a definitive agreement to sell its exchange traded fund business to South Korea’s Mirae Asset Global Investments Co., Ltd. “We are pleased to have reached an agreement with Mirae,” said Philip Armstrong, CEO of Jovian. “Since our initial investment in this start-up company in 2006, the ETF business has […]

By Staff |July 15, 2011

3 min read

Industry

Waring buys back Galileo Global Equity Advisors

Galileo Global Equity Advisors today announced it has reached an agreement with Northland Bancorp Inc. to re-acquire majority ownership of Galileo Equity Advisors Inc. “I’m delighted to be resuming full ownership of the Galileo organization and I’d like to sincerely thank Northland for their strategic support over the past two years, and most especially our […]

By Staff |July 7, 2011

1 min read

Industry

TMX, LSE chiefs renew merger vows

The exchange of claims and criticism between rival bidders for TMX Group further intensified as the chief executive of LSE Group, Xavier Rolet, accused Maple Acquisition Group of misrepresentation and questioned the credibility of information provided in its $3.7 billion hostile bid. The latest round of hole-picking came at today’s investor and media conference call […]

By Vikram Barhat |June 27, 2011

3 min read

MGA merger to create national player

Read: Our Distributors’ Summit coverage Two of Canada’s managing general agencies have announced plans to merge. The combination of Worldsource Insurance Network Inc. and IDC Financial Inc. would create one of Canada’s largest MGAs. “Worldsource is excited to be associated with IDC,” said Paul Brown, president and CEO of WIN. “It is a firm with […]

By Staff |June 3, 2011

2 min read

Maple proposal not superior: TMX Group

The TMX Group board of directors concluded that, under the terms of the merger agreement with London Stock Exchange Group (LSEG), the Maple proposal did "not constitute a superior proposal, nor could it reasonably be expected to result in a superior proposal".

By Staff |May 27, 2011

2 min read

Maple makes offer to shareholders

We told you they would be back. And they surely are. In a hostile takeover bid for TMX, Maple Group, a consortium of five of the country's largest pension funds and four Canadian bank-owned investment dealers, has decided to go directly to TMX shareholders to seek their support and to scupper the proposed LSE deal.

3 min read

Wellington West exec: Deal a ‘no-brainer’

Less than two months after categorically refuting suggestions of being in takeover talks with Montréal-based National Bank of Canada, officials at the Winnipeg, Manitoba-based Wellington West have admitted they are indeed going to be acquired by the bank.

3 min read

LSE-TMX a real deal: CEO TMX

Defying fervent opposition and reports of other bids trying to dwarf the London Stock Exchange's $3.7 billion bid for the TSX, Thomas A. Kloet, chief executive officer, TMX Group Inc., assures it's a real deal.

2 min read