Purpose Investments Inc.

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

Client

Purpose Investments Inc.

Value

$32 million

Service

Mergers and Acquisitions

Date Closed

December 2017

Lead Office

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).


Team
Andrew W.  Aziz
Key Contact

Andrew W. Aziz

Partner, Corporate

Timothy  Hughes

Timothy Hughes

Partner, Taxation

Vanessa Hansford

Vanessa Hansford

Associate, Corporate

Kai Sheffield

Kai Sheffield

Associate, Corporate

Douglass Dawson

Douglass Dawson

Associate, Corporate