Davies represented Sentry Investments Corp. (Sentry), one of Canada’s leading independent investment managers, in its $780-million acquisition by CI Financial Corp.
The acquisition combined two of Canada’s largest independent active asset managers and increased CI’s assets under management by 16% to approximately $140 billion when it acquired all of the outstanding shares of Sentry and its subsidiary Sentry Investments Inc.
In exchange, $780 million was payable to Sentry – $230 million in cash and the balance in CI shares.
The Davies team on this transaction included Vince Mercier, Kevin Greenspoon and Angela Susac (M&A); Paul Lamarre (Tax); and Jim Dinning (Competition).
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