{"id":492554,"date":"2024-09-12T09:29:14","date_gmt":"2024-09-12T13:29:14","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=492554"},"modified":"2024-09-12T09:29:14","modified_gmt":"2024-09-12T13:29:14","slug":"canaccord-genuity-buying-brooks-macdonald-asset-management","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/canaccord-genuity-buying-brooks-macdonald-asset-management\/","title":{"rendered":"Canaccord Genuity buying Brooks Macdonald Asset Management"},"content":{"rendered":"<p>Canaccord Genuity Group Inc. has signed a deal to buy wealth management business Brooks Macdonald Asset Management (International) Ltd.<\/p>\n<p>Under the deal for the subsidiary of Brooks Macdonald Group plc, Canaccord Genuity will pay 28 million pounds ($49.6 million) in cash.<\/p>\n<p>The company will also pay up to an additional 22.85 million pounds ($40.5 million) on the second anniversary of the deal closing, subject to meeting certain revenue targets.<\/p>\n<p>BMI was started in 2012 and provides investment management, financial planning and fund management services with offices in Jersey, Guernsey and the Isle of Man.<\/p>\n<p>Canaccord Genuity says the deal represents an important addition to its international operations.<\/p>\n<p>The deal is subject to regulatory approval and other customary closing conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The deal represents an important addition to Canaccord&#8217;s international operations, firm says<\/p>\n","protected":false},"author":186339,"featured_media":491416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2318],"tags":[2347,2540,92773],"yst_prominent_words":[70423,22704,18662,13497,13488,13478,11963,9092,7893,6459,5187,2144],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/492554"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/186339"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=492554"}],"version-history":[{"count":1,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/492554\/revisions"}],"predecessor-version":[{"id":492555,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/492554\/revisions\/492555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media\/491416"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=492554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=492554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=492554"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=492554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}