Richardson GMP Acquires Macquarie Private Wealth

Richardson GMP Limited acquired Macquarie Group's Canadian retail business, Macquarie Private Wealth Inc., for a price of approximately $132 million.

Following the transaction, Richardson GMP Ltd. will have approximately $28 billion in assets under administration.

Richardson GMP Ltd. is Canada's largest independent wealth management firm.

Norton Rose Fulbright Canada LLP represented Richardson GMP Limited with a team led by Terence Dobbin and Mark Convery, which included Paul Fitzgerald, Lynn Thomson, Jacob Cawker and Trevor Zeyl (M&A); Adrienne Oliver (tax), Michael Horvat and Jonquille Pak (employment); Martin Rochette (pensions and benefits), Kevin Ackhurst (competition) and Alan Merskey and Lauren Posloski (litigation).

Richardson GMP Limited was also represented by Goodmans LLP with a team of Francesca Guolo and Victoria Petherbridge (regulatory); Jon Northup (tax), Robert Vaux, Mark Spiro, Chris Sunstrum and Leah Boyd (corporate); and Michael Bertrand and Heather Gallagher (financing).

Macquarie Group was represented by Blake, Cassels & Graydon LLP with a team led by André Perey that included Melanie Sanchez and Hamza Dawood (M&A); Jeffrey Trossman and Jeffrey Shafer (tax); Ross McKee (regulatory), Julie Soloway (competition), Holly Reid (employment), Beth Earon (leasing) and Simon Finch and Michelle Laniel (financing).