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.
Disclosure Interrupted: CSA Pauses Climate and Diversity Disclosure Rules
Apr. 28, 2025 - The Canadian Securities Administrators (CSA) is pausing its work on climate-related and diversity-related disclosure rules in order “to support Canadian markets and issuers as they adapt to the recent developments in the U.S. and globally. ” Consistent with the CSA’s recent regulatory shift...
Apr. 21, 2025 - Overview Canadian securities regulators recently implemented three blanket orders introducing exemptions intended to reduce friction for capital raising. Key among these improvements is an exemption that eliminates the requirement for a third year of annual financial statements in an...
