McCarthy Tétrault Advises National Bank of Canada in the Fiera-Natcan Transaction

Montréal, February 28, 2012 — McCarthy Tétrault’s client National Bank of Canada announced this week that it has entered into a strategic alliance with Fiera Sceptre Inc. that will result in Fiera becoming one of Canada’s top five independent asset managers.

The parties have signed a binding agreement under which Fiera will acquire the business of Natcan Investment Management Inc. from the Bank for $309.5 million, subject to reduction. In return, the Bank, through Natcan, will receive Class A subordinate voting shares representing 35% of the issued and outstanding shares of Fiera, with an option to increase its stake to 40%.

McCarthy Tétrault was counsel to National Bank's in-house counsel team led by Brian Davis, Executive Vice President, Corporate Development and Governance, National Bank Financial. McCarthy Tétrault’s team was led by David McAusland, Patrick Boucher, Sonia Struthers and Frédéric Harvey.

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McCarthy Tétrault provides a broad range of legal services, advising on large and complex assignments for Canadian and international interests. The firm has substantial presence in Canada’s major commercial centres and in London, U.K.

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