Skip to main content
PLEASE NOTE: For everyone’s safety, Fasken requires anyone on-site at our Canadian and Johannesburg offices to provide proof of full vaccination against COVID-19. This applies to lawyers, staff, clients, service providers and other visitors.
Client Work

Fiera Capital more than doubles its presence on the US institutional market with the acquisition of Apex Capital Management

Reading Time 1 minute read Subscribe



Fiera Capital

On February 29, 2016, Fiera Capital, a leading independent asset management firm, announced that it had signed an agreement to acquire, via its wholly-owned subsidiary Fiera US Holding Inc., Apex Capital Management, a prominent US growth equity manager with approximately US$7.1 billion in assets under management (“AUM”) as at December 31, 2015. This transaction will more than double Fiera Capital’s presence in the U.S. institutional and sub-advisory retail markets and increase total AUM to over CAD$111 billion. Total consideration for the acquisition of Apex will be US$145 million (subject to post closing price adjustments usual for this type of transaction), of which US$88 million will be paid in cash financed through a new US$125 million term loan and the issuance of US$57 million in Class A subordinate voting shares. The acquisition, expected to close in April 2016, is subject to customary conditions, including applicable regulatory approvals and approval of the Toronto Stock Exchange.



    Receive email updates from our team