Iconic Canadian Investment Firm Jarislowsky, Fraser Limited Sold to Scotiabank

Davies acted for Stephen A. Jarislowsky and S.A. Jarislowsky Investments Inc., the principal shareholders of JFL, in the $1-billion sale of JFL, a leading independent investment firm with approximately $40 billion in assets under management, to Scotiabank. The transaction was completed on May 1, 2018.

The combination will create Canada’s third-largest asset manager with $166 billion in assets under management. The JFL management team will retain investment autonomy and will continue running the business from Montréal, Québec.

The Davies team on this transaction included William Rosenberg, Justin Vineberg, Olivier Désilets, Brian Bloom, Adam Fanaki and Christina Sauro.


The Hostile Bid Is Dead. Long Live the Hostile Bid?

June 15, 2020 - With much of the world focused on the immediacy of the COVID-19 pandemic, including its heavy human and economic toll, we have cast our eyes optimistically on the (near, we hope) future when companies regain sufficient confidence to re-enter the public M&A market in large numbers. Although...