Announced
Completed
Financials
Tags
Asset Managers and Custodians
asset managers
Acquisition
Friendly
Private Equity
Public
Single Bidder
Completed
Canada
Domestic
Synopsis
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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