IFLR1000

Scotiabank C$950 million acquisition of Jarislowsky Fraser

12/1/2018
Private acquisition
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C$ 950 million

Announced

12/1/2018

Overview:

  • Scotiabank has acquired Jarislowsky Fraser for C$950 million.
  • JFL Management Trust is a specially formed trust to hold the shares of Jarislowsky Fraser owned by the partners.
  • The company is one of Canada's leading independent investment firms.

Katrin Kostadinova - Data analyst

Jurisdiction:

Canada

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Canada

Industry sector:

Banking

Firms:
Blake Cassels & Graydon

Party: Jarislowsky Fraser (Target)

Davies Ward Phillips & Vineberg

Party: Jarislowsky Fraser (Target)

Lawyer: Michel Gélinas

Stikeman Elliott

Party: JFL Management Trust (Seller)

Torys

Party: Scotiabank (Acquirer)

Lawyer: Ricco Bhasin

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