Home Breadcrumb caret Industry News Breadcrumb caret Industry Fiera Capital set to acquire Integrated Asset Management The deal, valued at $74 million, is expected to close in Q2 By Staff | March 22, 2019 | Last updated on March 22, 2019 1 min read Montreal-based Fiera Capital Corp. announced on Friday that it is set to acquire Toronto-based Integrated Asset Management Corp. (IAM). Fiera has entered into a definitive agreement with IAM that will see the investment manager acquire all of IAM’s outstanding common shares, according to a release. Under the agreement, IAM’s private debt investment team will join Fiera Private Lending and its industrial real estate team will join Fiera Properties. Total consideration is $74 million, which represents the total IAM enterprise value of $64 million and $10 million of adjusted cash on hand. It will be paid as $55.5 million in cash and $18.5 million of Fiera Capital Class A subordinate voting shares, Fiera said. The deal is expected to close in the second quarter of 2019. Details of the terms can be found in the company’s news release. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo