Fasken advised Fiera Capital Corporation (TSX: FSZ) (Fiera), a leading independent asset management firm, in connection with a $168.75 million bought deal public offering of class A subordinate voting shares (Class A Shares) and convertible unsecured subordinated debentures (Debentures).Fiera used the net proceeds of the offerings to fund recently announced acquisitions, to fund future acquisitions, to repay indebtedness and for general corporate purposes.
The Class A Shares were sold to a syndicate of underwriters, co-led by National Bank Financial, Desjardins Capital Markets and GMP Securities, and the Debentures were sold to a syndicate of underwriters, co-led by National Bank Financial, Desjardins Capital Markets and Scotiabank. The offerings consisted of $82.5 million Class A Shares at $13.00 per share, and $86.25 million 5% Debentures due June 30, 2023, which in each case included full exercise of the over-allotment options.
The Fasken team that advised Fiera on this transaction was led by Gabriel Castiglio and included Jean Michel Lapierre, Marie-Christine Valois, Matthew Quadrini and Joëlle Simard (corporate finance / securities), Félix Gutierrez (debt financing) and Ryan Rabinovitch (tax).
