Fiera Capital to acquire Integrated Asset Management
Fiera Capital Corp (TSX: FSZ) has agreed to acquire Integrated Asset Management Corp (TSX: IAM), a Toronto-based alternative asset manager and investor in private debt, infrastructure debt and real estate. The deal, expected to close in Q2 2019, is valued at $74 million, representing an IAM enterprise value of $64 million and $10 million of cash on hand. IAM's private debt investment team will merge with Fiera Private Lending and the industrial real estate team will join Fiera Properties. Fiera, a $136.7 billion asset manager based in Montréal, said the acquisition will augment its private alternative investments platform and create a pan-Canadian private lending capability.
22 March 2019•7 mins read
