Fiera Capital annonces closing of acquisition of the Canadian fixed income,
Canadian equity and balanced account business of UBS Global Asset Management
MONTREAL, Jan. 31, 2013 /CNW Telbec/ - Fiera Capital Corporation ("Fiera" or
the "Firm") (TSX: FSZ) announced today the closing of the transaction under
which Fiera acquires the Canadian fixed income, Canadian equity and domestic
balanced account business from UBS Global Asset Management (Canada) Inc.,
representing assets under management of approximately $8 billion for a cash
consideration of $52 million, subject to certain adjustments. This
transaction, previously announced on December 11, 2012, is immediately
accretive to earnings.
The transaction has been approved by regulatory authorities and has satisfied
other customary conditions.
About Fiera Capital Corporation
Fiera Capital Corporation is a leading publicly traded, independent investment
firm. The Firm is one of only a handful of full service, multi-product
investment firms in Canada, offering clients a proven top tier track record in
equity and fixed income management as well as depth and expertise in asset
allocation and alternative investments. www.fieracapital.com
Additional information relating to the Firm, including the Firm's annual
information form, is on SEDAR at www.sedar.com.
About UBS Global Asset Management
UBS Global Asset Management, a business division of UBS, is a large-scale
asset manager with well-diversified businesses across regions, capabilities
and distribution channels. It offers investment capabilities and investment
styles across all major traditional and alternative asset classes. These
include equity, fixed income, currency, hedge fund, real estate,
infrastructure and private equity investment capabilities that can also be
combined in multi-asset strategies. The Fund Services unit provides
professional services including legal fund set-up, accounting and reporting
for traditional investment funds and alternative funds.
Media information For Fiera Capital: Mélanie Tardif, CPA, CMA NATIONAL
Public Relations 514 843-2060
For UBS: Megan Stinson UBS Corporate Communications 212.713.1302
SOURCE: FIERA CAPITAL CORPORATION
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CO: FIERA CAPITAL CORPORATION
NI: FIN REL MNA ACC
-0- Jan/31/2013 23:32 GMT
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