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Fiera Capital to acquire London-based Charlemagne Capital

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Canadian asset management firm Fiera Capital has made an offer to acquire the entire share capital of London-based asset manager Charlemagne Capital.

Fiera Capital’s recommended offer includes the payment of a special dividend by Charlemagne Capital. 
If the offer is completed, it would provide Fiera Capital with an entry into the emerging and frontier markets asset class and create a European platform to enhance the growth and distribution of Fiera Capital's existing investment strategies. 
"The acquisition of Charlemagne Capital would be an important step in advancing our global presence by teaming up with a high quality emerging and frontier markets specialist, with an excellent track record of performance, a proven team of investment professionals and a strong culturally aligned management team," says Jean-Guy Desjardins (pictured), chairman and chief executive officer of Fiera Capital. "The addition of emerging and frontier markets strategies to our strong global offering in equities would benefit our clients who are consistently looking for diversification opportunities."
Charlemagne Capital was established in 2000 and today has assets under management in excess of USD2 billion.
"Fiera Capital is a performance driven, client-focused firm with a strong emphasis on teamwork. As such, Fiera Capital has committed to preserve and support the culture and infrastructure of Charlemagne Capital," says Jayne Sutcliffe, chief executive officer of Charlemagne Capital. "Our board believes that this transaction is an excellent solution for our broad range of institutional and wealth management investors, who will benefit from being part of Fiera Capital with its complementary culture, financial strength and North American distribution network. In our view, as the fund management industry evolves, investors will increasingly take comfort from entrusting assets with a firm which has a strong balance sheet, diversified product offering and global distribution."

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