Canaccord Genuity Group Inc. completes private placement and establishes employee-owned limited partnership

Goodmans LLP acted for Canaccord Genuity Group Inc. in its private placement of $110 million of convertible debentures to support the establishment of an employee partnership program. The employee partnership program will play a key role in supporting Canaccord’s strategic objective of increasing and diversifying its equity ownership, while retaining and attracting exceptional performers.

The majority of the proceeds of the private placement will be lent to an independent, limited partnership to be owned by certain employees of Canaccord, a long-term ownership vehicle for senior employees Canaccord to increase their ownership of the company. The remaining proceeds will be deployed within the business to support ongoing growth priorities.