Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index, acquired, through one of its Canadian subsidiaries, RPM Technologies, a leading Canadian provider of enterprise wealth management software solutions and services for approximately US$300 million. RPM’s technology platforms today support over 15 million customer accounts. Building on Broadridge’s strong Canadian Wealth Management business, the acquisition will bring important new capabilities and nextgeneration technology to both RPM’s and Broadridge’s clients.
Broadridge was represented in-house by Daniel Chernin, Chief Counsel–M&A, and by Bennett Jones LLP with a team including Jeff Kerbel, Kristopher Hanc, Will Edwards and Bronwyn Shaw (M&A/ Corporate), Matthew Peters (Tax), Sara Parchello (Employment), Dominique Hussey (IP), Sebastien Gittens and Byron Tse (IT) and James McClary and Andrew Little (Insurance).
RPM was represented in-house by C. Ian Kyer. Bayshore Capital, the principal seller, was represented by Osler, Hoskin & Harcourt LLP with a team including Douglas Marshall, Rosalind Hunter and Lisa Pincus (M&A/Corporate), and Amanda Heale and Taylor Cao (Tax). The management shareholders were represented by Fasken Martineau Dumoulin LLP with a team including Scott Conover and Adam Cepler (M&A/Corporate), William J. Bies and Kathryn Walker (Tax).