The business and assets of Spence Diamonds Ltd. have been acquired by Lion Capital and IVEST. As part of the transaction, the shareholders of Spence Diamond Group will maintain a minority interest in the reconstituted company. Spence Diamonds Ltd., Canada’s premier diamond retailer, was founded in 1978. It operates out of 7 locations across Canada, including Vancouver, Calgary, Edmonton and Toronto. Fasken Martineau was counsel to Spence Diamonds Group, with a team led by Gary Ott and including Allison MacInnis, Lorene Novakowski, Marcus Turner, and Stacy Shields.