Starlight Capital acquires Stone Investment Group increasing AUM by over C$1B

Toronto-based Starlight Investments Capital LP acquired Stone Investment Group Ltd.

The combined entity will be known as Starlight Capital Corp., and all C$1,000 secured debentures issued by the company will be acquired or redeemed.

Starlight acquired and currently owns and controls 100% of Stone's issued and outstanding shares, a total 25,028,571. The deal takes Starlight's AUM to over C$1 billion.

Each former Stone shareholder that has not validly exercised its dissent right will receive C$0.01 per share. All certificates representing Stone shares will be null and void. The aggregate consideration paid by Starlight for Stone shares was approximately C$243,320.80, excluding the shares for which the holder exercised dissent rights.