Morgan Stanley (NYSE: MS) completed the acquisition of Solium Capital Inc. (TSX: SUM) (“Solium”), a leading global provider of software-as-a-service (SaaS) for equity administration, financial reporting and compliance, headquartered in Calgary, for $1.1 billion. With this acquisition, Morgan Stanley is positioned to be an industry leader in providing financial solutions to the workplace, bringing together a major stock plan administration platform with its wealth management business.
The Solium business will be rebranded Shareworks by Morgan Stanley. It will be part of a new Morgan Stanley at Work suite of financial solutions which will also include Retirement and Financial Wellness. Morgan Stanley at Work will combine cutting-edge planning and risk management software, Morgan Stanley intellectual capital and financial education delivered through multiple channels to enable employees to build a holistic plan to achieve their financial goals.
Morgan Stanley is a leading global financial services firm providing investment banking, securities, investment management and wealth management services to corporations, governments, financial institutions, and individuals.
Osler, Hoskin & Harcourt LLP represented Morgan Stanley with a team led by Doug Marshall (Corporate and M&A) that included Alex Gorka, Douglass Dawson, Adriano Lepore (Corporate and M&A), Firoz Ahmed, Taylor Cao, Jennifer Horton (Tax), Andrew Aziz, Lori Stein (Securities Regulatory), Shuli Rodal, Jaime Auron (Competition/Antitrust), Lynne Lacoursière, Jason Hanson, Brian Thiessen, Kelly O'Ferrall (Employment & Labour), Tris Mallet (Litigation), Jon Marin (Pensions), Victoria Graham (Financial Services Regulatory), Bryce Kustra, Eric Choi, Sarah Sharp (Real Estate), Kristin Ali, Komil Joshi (Privacy) and Kelly Moffatt (Intellectual Property).
Norton Rose Fulbright Canada LLP was counsel to Solium Capital with an international team that included lawyers from Canada, the US, the UK, Australia and Germany. The team was led by Justin Ferrara (Corporate and M&A) and the Canadian team included Katherine Prusinkiewicz, Jennifer McPherson and Connor Kense (Corporate and M&A); Dion Legge, Andrew Lim and Etienne Godel (Tax); Elizabeth Williams (Intellectual Property); Steven Leitl (Disputes); Kevin Ackhurst and Richard Wagner (Competition/Antitrust); Michael Bunn (Corporate and Securities); Ian MacRae, Justin Burt and Slade Rieger (Real Estate); and Matthew Longstaff and Amy Yang (Banking).
Davis Polk & Wardwell LLP was US counsel to Morgan Stanley, with a team led by Marc Williams (Corporate and M&A) that included Morgan Lee (Corporate and M&A), Michael Mollerus, Alexander Hendin (Tax) and Ronan Harty (Antitrust).