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Fiera Capital closes acquisition of remaining interest in Fiera Properties

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According to Market Intelligence, December 2022

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Fiera Capital closes acquisition of remaining interest in Fiera Properties

Fiera Capital Corp. has closed its acquisition of the remaining interests in Fiera Properties Ltd. that it did not already own from the minority shareholders.

At closing, Fiera Capital paid aggregate consideration of C$32 million, of which C$31.5 million was paid in cash and C$500,000 was paid by the issuance of 38,880 Fiera Capital class A subordinate voting shares at C$12.86 apiece.