YMG Capital Management Inc. today said that it is in talks on a deal that could lead to a sale, merger or expansion of the financial services holding company.
Details were not revealed, but the Toronto company said Tuesday “it has agreed to exclusive discussions with a third party regarding a possible transaction.”
“There is no assurance that a transaction will result from these discussions and no further comment will be forthcoming unless the situation warrants,” the company said in a statement.
YMG Capital is a full service investment manager providing investment counselling to pension funds, financial institutions, foundations and wealthy individuals.
It generated profits of nearly $3.5 million and revenues of $14.9 million last year.
YMG employees own approximately 38% of the company.