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).