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New Deal


Announced

Completed

GMP Capital completed the acquisition of remaining stake in Richardson GMP.

Financials

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Transaction Value£241m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales1.5x
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Asset Managers and Custodians

asset managers

Acquisition

Friendly

Private Equity

Public

Single Bidder

Completed

Canada

Domestic

Synopsis

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GMP Capital has completed the transaction to consolidate 100% ownership of Richardson GMP for a purchase price of 1.76 common shares of GMP. "This milestone was several years in the making and marks an exciting new era at both GMP and Richardson GMP. Having received a clear mandate from our shareholders, we will now shift our attention and resources exclusively on becoming a dominant leader in the wealth management industry," Kish Kapoor, GMP Capital President and Chief Executive Officer.

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