AGF Management Acquires Jewelstone Systems

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 T├ętrault 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.


Matthew J. Howorth M. Sharon Duffy William J. Braithwaite Martin Langlois S. Daniel Black Anjali Banka Lorna A. Cuthbert Paul D. Blundy Jonathan R. Grant George S. Takach John G. Lorito