Fiera Capital completes $168.75M bought deal offerings

On December 21, 2017, Fiera Capital Corp. completed a $168.75-million bought-deal public offering of class A subordinate voting shares (Class A Shares) and convertible unsecured subordinated debentures (Debentures). The Class A Shares were sold to a syndicate of underwriters, co-led by National Bank Financial, Desjardins Capital Markets and GMP Securities, and the Debentures were sold to a syndicate of underwriters, co-led by National Bank Financial, Desjardins Capital Markets and Scotiabank.

The offerings consisted of $82.5 million Class A Shares at $13.00 per share, and $86.25 million 5 per cent Debentures due June 30, 2023, which in each case included full exercise of the over-allotment options.

Fiera Capital, a leading independent asset management firm with more than $123 billion in assets under management as at September 30, 2017, provides institutional, retail and private wealth clients with access to full-service integrated money management solutions across traditional and alternative asset classes. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange.

Fiera Capital was represented internally by Violaine Des Roches, Senior Vice President, Chief Legal and Chief Compliance Officer and Corporate Secretary, Rebecca McLeod, Vice-President, Legal and Corporate Affairs, and David Michaud, Legal Director.

Fasken Martineau DuMoulin LLP acted as counsel to Fiera Capital with a team that included Gabriel Castiglio, Jean Michel Lapierre, Marie-Christine Valois, Matthew Quadrini and Joëlle Simard (corporate finance/securities), Félix Gutierrez (debt financing) and Ryan Rabinovitch (tax).

The syndicate of underwriters was represented by Norton Rose Fulbright Canada LLP with a team that included Pierre Dagenais, Andrew Grossman, Jacob Cawker, Sean Williamson, Peter Charbonneau (Toronto corporate finance/securities), Stephen Kelly, Pete Wiazowski, Peter Riddell, Rachel Lesmerises, Pier-Olivier Poisson and Pierre-François Tétreault (Montréal corporate finance / securities) and Adrienne Oliver and Hennadiy Kutsenko (tax).

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