Mergers and Acquisitions

Purpose Investments Inc. in its acquisition of LOGiQ Asset Management for approximately $32 million

Purpose Investments Inc.
Key Contact
Andrew W. Aziz

Partner, Corporate, Toronto

Team
Vanessa Hansford

Partner, Corporate, Toronto

Timothy Hughes

Partner, Tax, Toronto

Kai Sheffield

Partner, Corporate, Toronto

Douglass Dawson

Associate, Corporate, Toronto

 

On December 15, 2017, Purpose Investments Inc. (“Purpose“) and LOGiQ Asset Management Inc. (“LOGiQ”) completed a purchase and sale agreement providing for the acquisition by Purpose of substantially all of the retail asset management agreements ‎owned by LOGIQ and its affiliates for approximately $32 million.

Purpose is an employee-owned Canadian investment firm with over $3.3 billion in assets under management and offers exchange traded funds, mutual funds and closed-end funds.

LOGiQ is a diversified asset management company with a suite of retail mutual funds, closed end funds, hedge funds, segregated institutional funds, and institutional advisory sales.

Osler, Hoskin & Harcourt LLP represented Purpose with a team consisting of Andrew Aziz (Corporate), Timothy Hughes (Taxation), Vanessa Hansford, Kai Sheffield, Douglass Dawson (Corporate), and the Ottawa Osler Works Transactional team (Natalie Munroe, Marie-Renee Sirois, Jaan Boban, Brian Kells, and Jessica Choi).

Value
$32 million
Date Closed
15 December 2017
Lead Office
Toronto
Key Contact
Andrew W. Aziz

Partner, Corporate, Toronto

Team
Vanessa Hansford

Partner, Corporate, Toronto

Timothy Hughes

Partner, Tax, Toronto

Kai Sheffield

Partner, Corporate, Toronto

Douglass Dawson

Associate, Corporate, Toronto