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Fiera Capital Offers to Acquire UK Asset Manager Charlemagne Capital.


30 September 2016 - Canada-based asset management firm Fiera Capital Corp. 3k (TSX: FSZ) has offered to acquire the entire share capital of London, England-based asset manager Charlemagne Capital Ltd. (LSE: CCAP), the company said.

If the offer is completed, it would provide Fiera Capital with an entry into the emerging and frontier markets asset class and create a European platform to enhance the growth and distribution of Fiera Capital's existing investment strategies.

Charlemagne Capital was established in 2000 and has assets under management in excess of USD 2bn.

Under the terms of the deal, Charlemagne Capital shareholders will be entitled to receive 14 pence in cash in aggregate for each Charlemagne Capital share.

The 14 pence is composed of 11 pence in cash for each Charlemagne Capital share and a special dividend of 3 pence per Charlemagne Capital share conditional on the scheme becoming effective.

This offer is proposed to be implemented by means of a Court-approved scheme of arrangement.

Fiera Capital offers multi-style investment solutions through diversified investment strategies to institutional investors, private wealth clients and retail investors.

Charlemagne Capital is a specialist emerging markets equity investment manager. Its operations are based in the Isle of Man and London with a branch office in Germany.

Country: UK

Sector: Banking/Financial Services

Target: Charlemagne Capital Ltd

Buyer: Fiera Capital Corp


Deal size in USD: 50m

Type: Corporate Acquisition

Financing: Cash

Status: Agreed

Buyer advisor: , ,


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Publication:M & A Navigator
Geographic Code:4EUUK
Date:Sep 30, 2016
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