Fiera Capital Corporation Completes Acquisition of Integrated Asset Management Corp.
|Areas||Corporate Finance and Securities, Litigation, Tax|
Goodmans LLP represented Integrated Asset Management Corp. (“IAM”) in its sale to Fiera Capital Corporation (“Fiera Capital”).
Pursuant to the transaction, Fiera Capital acquired all of the outstanding common shares of IAM for total consideration of approximately $74 million, representing total IAM enterprise value of $64 million and $10 million of adjusted cash.
IAM's private debt investment activities and team will be incorporated within Fiera Private Lending Inc., a leading multi-product investment management firm and an indirect wholly-owned subsidiary of Fiera Capital. IAM's industrial real estate activities and team will be incorporated within Fiera Properties Limited, a leading Canadian real estate investment management firm and an indirect wholly-owned subsidiary of the Firm. This transaction complements Fiera Capital's existing suite of private alternative investment strategies and expands the depth of strategies offered within Fiera Capital's Private Alternative Investments platform.