Canadian asset manager Fiera Capital has agreed to purchase UK-based Charlemagne Capital in an all-cash deal valued at £40.7m ($52.8m).

Founded in 2000, Charlemagne Capital is an equity investment manager with US$2.2bn assets under management (AUM). Currently, it operates in the Isle of Man and London with a branch office in Germany.

The deal, which is subject to customary closing conditions including regulatory approvals, will provide Fiera with an entry into the emerging and frontier markets and help in distribution of its existing investment strategies

Currently, the firm offers services outside of North America with mandates in South Africa, Japan, Australia and the UK, and in select European markets.

Fiera Capital chairman and CEO Jean-Guy Desjardins said: "The acquisition of Charlemagne Capital would be an important step in advancing our global presence by teaming up with a high quality emerging and frontier markets specialist, with an excellent track record of performance, a proven team of investment professionals and a strong culturally aligned management team.

"The addition of emerging and frontier markets strategies to our strong global offering in equities would benefit our clients who are consistently looking for diversification opportunities."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Charlemagne Capital CEO Jayne Sutcliffe said:  "Fiera Capital is a performance driven, client-focused firm with a strong emphasis on teamwork. As such, Fiera Capital has committed to preserve and support the culture and infrastructure of Charlemagne Capital.

"Our Board believes that this transaction is an excellent solution for our broad range of institutional and wealth management investors, who will benefit from being part of Fiera Capital with its complementary culture, financial strength and North American distribution network.”