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Caisse de dépot sells minority interest in Dundee Wealth Management subsidiary for US$350 million

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Overview

Client

Caisse de dépôt et placement du Québec

On February 22, 2007, Dundee Wealth Management announced that it had completed its purchase of the 16.3% minority interest in its subsidiary DWM Inc. held by the Caisse de dépôt et placement du Québec. This was achieved through the exercise of the put right for a transaction consideration of approximately $350 million. The Caisse was advised in this disposition by a team from Fasken Martineau led by Robert Paré and including, among others, Michel Boislard and Catherine Isabelle (securities/M&A), and Samuel Rickett and Murray Braithwaite (litigation).

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