On September 16, 2002, AGF Management Limited acquired all outstanding shares of Jewelstone Systems Inc. for a total purchase price of $60 million paid in cash and AGF class B non-voting shares and up to $5 million additional deferred payments. Immediately after the transaction closed, AGF transferred 100 per cent of Jewelstone to Unisen Inc. (formerly known as AdminSource Inc.), a wholly owned subsidiary of AGF.
AGF was represented by in-house counsel Judy Goldring, and by Stikeman Elliott with a team composed of William Braithwaite, Jennifer Northcote and Roberta Carano (corporate/securities), Martin Langlois (corporate/technology), Anjali Banka (corporate), Lorna Cuthbert (employment) and John Lorito (tax).
McCarthy Tétrault LLP acted for Jewelstone and certain of its shareholders, with a team that included George Takach and Lori Anne Heckbert (corporate/technology), Honorie Pasika (corporate), Peter Harris (tax), Jonathan Grant (securities) and Dan Black (employment). Paul Blundy, Matthew Howorth and Sharon Duffy (employment) of Bennett Jones LLP represented one of the vendors.