AGF Acquires Acuity

On February 1, 2011, AGF Management Limited completed its acquisition of 100 per cent of Acuity Funds Ltd. and Acuity Investment Management Inc. for $339 million, a portion of which is deferred and subject to an adjustment based on assets under management over a three-year period from the date of closing.

AGF is one of Canada's premier investment solutions firms.

AGF's legal team was headed by Judy Goldring, Executive Vice President, Chief Operating Officer and General Counsel, and Rachel Hindson, Associate Legal Counsel, and assisted by a team from Stikeman Elliott LLP including William Braithwaite, Kathleen Ward, Timothy Chubb, Victor Chai and Adeline Lee (corporate securities); Jennifer Legge, Kelly Niebergall, Sumbul Ali (banking); John Lorito, Francesco Gucciardo and Jill Winton (tax); Michael Kilby (competition) and Lorna Cuthbert and Kelly O'Ferrall (employment).

The principal vendor of the Acuity group of companies was represented by Borden Ladner Gervais LLP with a team led by Lynn McGrade and including Alfred Page, Kyle Pohanka, Francesca Smirnakis, Andrew Bunston and Jeffrey Spiegel (corporate and securities); Larissa Tkachenko, Eva Krasa and Craig Webster (tax); Jeff Mitchell (employment); Eric Dufour (competition) and Catherine Bray (real estate and banking).

Certain shareholders of the Acuity group of companies were represented by Ronald Schwass (corporate securities) and Kevin Fritz (tax) of Wildeboer Dellelce LLP and by Kimberly Pepper (employment) of Hicks Morley Hamilton Stewart Storie LLP.