Stifel Financial Corp. announces agreement to acquire GMP Capital Inc.'s capital markets business

Lead Office

Toronto

Value

70.00 Million CAD

On June 17, 2019, Stifel Financial Corp. ("Stifel") announced its agreement with GMP Capital Inc. ("GMP") to acquire substantially all of their capital markets business, excluding their US cannabis and certain clearing businesses. The purchase price is approximately C$70 million.

This acquisition will enhance Stifel’s cross-border capabilities. Effective at the closing of the transaction, the CEO and other key personnel at GMP have agreed to join Stifel.

Stifel is an American multinational independent financial services holding company that conducts its banking, securities, and financial services businesses through several wholly owned subsidiaries.

GMP is a leading independent investment banking franchise based in Canada.

McCarthy Tétrault LLP is advising Stifel with a team led by Robert Richardson that includes Shea Small, Heidi Gordon, Matthew Vaughan and Sean Sadler (Business), Sunil Kapur, Ben Aberant, Jacques Rousse, Diana Theophilopoulos, Margaret Gavins and Justine Lindner (Labour and Employment), Deron Waldock and Jaspreet Kaur (Pensions), Oliver Borgers and Michael Caldecott (Competition), Robert Nearing, Nicolas Désy, Fred Purkey, Quentin Lageix and Steve Marshall (Tax), Barry J. Ryan and Ana Badour (Financial Services), Benjamin Lai (Intellectual Property), and Adam Goldenberg (Litigation).

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