Gluskin Sheff + Associates has signed a deal to purchase entire outstanding shares of Blair Franklin Asset Management Holdings, the parent company of Blair Franklin Asset Management.

Canada-based Blair Franklin was set up in 2003. Operating as a boutique asset management firm, Blair Franklin specializes in fixed income and has nearly $625 million in assets under management.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Under the terms of the transaction, Gluskin Sheff + Associates will reimburse $15,000,000 in cash as well as 1,900,000 common shares of the company to the sellers, subject to certain customary adjustments.

At closing, nearly 712,500 of the common shares will be issued to the sellers, which will be subject to a minimum one-year holding period, while the rest of 1,187,500 common shares will be held in escrow for two years.

Pending receipt of regulatory approvals as well as approval of the Toronto Stock Exchange, the transaction is expected to conclude during the third quarter of 2014.

Upon completion of the takeover and subject to regulatory approval, Peter Zaltz, Blair Franklin’s managing director & chief investment officer, will assume the post of executive vice-president & head of fixed income and will be appointed to Gluskin Sheff’s Management Committee.

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.

Additionally, Thomas MacMillan, chair of Blair Franklin, will be named as a directorto the Gluskin Sheff + Associates board.

Gluskin Sheff president & CEO Jeremy Freedman said, "Adding the talents and portfolio offerings of the Blair Franklin team to our own outstanding team enhances our global capabilities and broadens the ways in which we can earn strong risk-adjusted returns for our clients in the fixed income markets."