This article contains content that is written like an advertisement .(August 2020) |
Type | Public |
---|---|
TSX: CF | |
Industry | Financial services |
Founded | 1950[1] |
Founder | Peter Brown [2] |
Headquarters | , |
Area served | North America, UK & Europe, Asia and Australia [3] |
Key people | Daniel Daviau (Chief executive officer) |
Services | investment banking private banking wealth management |
Revenue | C$ 1.5 billion (2023) [4] |
C$ 54,742 thousand (2023) [4] | |
AUM | C$ 96.2 billion(2023) [5] |
Total assets | C$ 6.3 billion (2023) [4] |
Total equity | C$ 1.1 billion (2023) [4] |
Number of employees | 2,829 (2023) [4] |
Divisions |
|
Website | cgf |
Canaccord Genuity Group Inc. is a global, full-service investment banking and financial services company that specializes in wealth management and brokerage in capital markets. It is the largest independent investment dealer in Canada. [6] The firm focuses on growth companies, with operations in 10 countries worldwide and the ability to list companies on 10 stock exchanges. Canaccord Genuity, the international capital markets division, is based in Canada, with offices in the US, the UK, France, Germany, Ireland, Hong Kong, China, Singapore, Dubai, Australia, and Barbados. [7] [8]
Canaccord Genuity provides mergers and acquisitions, corporate finance, restructuring, debt advisory, and strategic advice for corporate, government, and private-equity clients globally. The firm's practice areas include aerospace and defense, agriculture, clean technology and sustainability, consumer and retail, energy, financials, health care, and life sciences, infrastructure, leisure, media and telecommunications, metals and mining, real estate and hospitality, technology, transportation, and private equity.
The company was established in 1950 as Hemsworth, Turton & Co., a Western Canadian venture capital firm. [9]
In 2004, Canaccord Capital went public on the Toronto Stock Exchange with an IPO price of $10.25 and an initial purchase offering of $ 70-million. [1]
In 2006, Canaccord Capital purchased Adams, Harkness & Hill Financial Group Inc., a Boston-based investment dealer. The firm's global capital markets division is rebranded by Canaccord Adams. [11]
In 2009, Canaccord Capital was renamed Canaccord Financial.
In 2010, Canaccord Financial acquired Genuity Capital Markets in a cash and share deal worth about $286 million. [13] Genuity Capital Markets, founded in 2005, had 135 employees with offices in Canada and the U.S. and was a leader in independent advisory and restructuring in Canada. [13]
In 2012, Canaccord Financial acquired Collins Stewart Hawkpoint for $400m acquiring "an independent financial advisory firm with research, trading and wealth management operations." [15] [16]
In 2012 Canaccord Financial acquired Eden Financial, a London-based wealth management business for private client investment management. [17]
2013 Canaccord Financial rebrands its global wealth management division to Canaccord Genuity Wealth Management. [19] [20]
The two units of Canaccord Genuity are "wealth management, catering to well-heeled individuals, and Global Capital Markets, serving corporate and institutional clients." [1]
Canaccord Genuity Wealth Management's total client assets amounted to $96.2 billion in Canada, the UK & Europe, and Australia on March 31, 2023. [27] Canaccord Genuity Wealth Management and Credit Suisse Asset Management Partnership: In April 2016, Canaccord Genuity Wealth Management announced a strategic partnership with Credit Suisse Asset Management (CSAM). [28]
Includes (1) Investment Banking - M&A, Corporate Finance, Restructuring, Debt Advisory, Strategic Advice (2) Research, (3) Sales and Trading, and (4) Fixed Income.
Landmark transactions have included advising Amaya Gaming Group in its $4.9 billion acquisition of PokerStars and Full Tilt Poker, advising Yamana Gold's $3.9 billion joint acquisition with Agnico Eagle of Osisko Mining, advising Primaris REIT's hostile defense and $5.0 billion sale to H&R REIT and KingSett Capital led consortium, advising Viterra's $6.1 billion sale to Glencore, [29] and advising the $2.2 billion cross-border sale of Daylight Energy to Sinopec, a unit of China Petrochemical Corp. [30] It has also advised on GLENTEL's $670 million sale to Bell Canada in 2014, and the sale of Canada Goose to Bain Capital. In 2012, it advised on Extorre Gold Mines' $404 million sale to Yamana Gold. [31]
In 2013, the Canaccord Genuity team put together a consortium of major investors, including Schroders and Threadneedle Investments, in participating in a takeover bid proposal for 316 bank branches of the Royal Bank of Scotland (RBS). Two buyout firms, Apollo Management and JC Flowers, also submitted a joint offer. In 2011, the firm advised the $3.2 billion sale of Converteam from Barclays Private Equity and LBO France to General Electric, growing the GE Power Conversion business. [32] In the same year, Canaccord Genuity also advised the Bank of Ireland on the disposal of a c.£1.3bn UK commercial real-estate loan book to California-based Kennedy Wilson and institutional partners for consideration of c.£1.07bn, over 80% of par value despite both the poor UK commercial real estate and lending market conditions at the time. [33]
As for restructuring mandates, Canaccord Genuity advised Yellow Media on its $2.7 billion debt recapitalization in 2012. [34]
Some of Genuity's former partners and current executives include:
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge funds, insurance, secondaries, and growth equity. As of June 2023, the company's total assets under management were approximately US$1 trillion, making it the largest alternative investment firm globally.
CIBC Capital Markets is the investment banking subsidiary of the Canadian Imperial Bank of Commerce. The firm operates as an investment bank both in Canadian and global equity and debt capital markets. The firm provides a variety of financial services including equity and debt capital market products, mergers and acquisitions, global markets, merchant banking, and other investment banking advisory services.
Eaton Vance Corp. is an American investment management firm based in Boston, Massachusetts. It is one of the oldest investment companies in the United States, with a history dating back to 1924. Through five primary investment affiliates, Eaton Vance provides investment products to individuals, institutions and financial professionals in the US, including wealth management, defined contribution investment only and sub-advisory services. In 2005 it opened an office in London. In March 2021, Morgan Stanley completed its acquisition of Eaton Vance, a deal announced in October 2020. With the addition of Eaton Vance, Morgan Stanley now had $5.4 trillion of client assets across its Wealth Management and Investment Management segments.
Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding. Evercore is widely considered one of the most prestigious and elite investment banking advisory firms.
Adam and Company is a wealth management company based in Edinburgh, Scotland offering discretionary investment management and wealth planning services to high-net-worth clients in the UK.
Perella Weinberg Partners L.P. is an American global financial services firm focused on investment banking advisory services.
Stifel Financial Corp. is an American multinational independent investment bank and financial services company created under the Stifel name in July 1983 and listed on the New York Stock Exchange on November 24, 1986. Its predecessor company was founded in 1890 as the Altheimer and Rawlings Investment Company and is headquartered in downtown St. Louis, Missouri.
Mercer is an American consulting firm founded in 1945. It is one of the four operating subsidiaries of global professional services firm Marsh McLennan. Mercer is headquartered in New York City with offices in 43 countries and operations in 130 countries. The company primarily provides human resources and financial services consulting services to its clients.
Macquarie Group Limited is an Australian global financial services group. Headquartered and listed in Australia, Macquarie employs more than 20,000 staff in 34 markets, is the world's largest infrastructure asset manager and Australia's top ranked mergers and acquisitions adviser, with more than A$871 billion in assets under management.
Oppenheimer Holdings Inc. is an American multinational independent investment bank and financial services company offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related products and services worldwide. The company, which once occupied the One World Financial Center building in Manhattan, now bases its operations at 85 Broad Street in New York City.
Rhône Group is a global private equity firm with approximately $11 billion of assets under management, specializing in mergers and acquisitions, leveraged buyouts, recapitalizations, and partnerships with particular focus on European and trans-Atlantic investments. Rhône also offers financial advisory services, strategic alliances, joint partnerships, and business valuation services. Rhone Group was listed in 2013 to 2014 by Preqin as the 'Most Consistent Performing Private Equity Fund Manager' based on both its multiple and IRR of all 3 funds in the top quartile ranking.
Greenhill & Co., Inc. is an American investment bank founded in 1996 by Robert F. Greenhill. The firm provides advice on mergers, acquisitions, restructurings, financings, and capital raisings to leading corporations, partnerships, institutions and governments across a number of industries.
Focus Financial Partners Inc. is an American company that invests in independent, fiduciary wealth management firms, being listed on the Nasdaq under the ticker symbol FOCS. Headquartered in New York City, it was incorporated in 2004 by Ruediger (Rudy) Adolf, Rajini Kodialam and Leonard (Lenny) Chang.
GFL Environmental Inc. is a waste management company with headquarters in Toronto, Canada. GFL operates in all provinces in Canada, and currently employs more than 8,850 people. The company provides environmental services to municipal, residential, commercial, industrial and institutional customers. On July 6, 2021, the company announced the formation of the Resource Recovery Alliance (RRA) and an agreement to acquire Canadian Stewardship Services Alliance.
Wealthsimple Inc. is a Canadian online investment management service. The firm was founded in September 2014 by Michael Katchen, Brett Huneycutt and Rudy Adler and is based in Toronto. As of December 2023, the firm holds over C$25 billion in assets under management. It is primarily owned by Power Corporation indirectly at 54.2% through investments made through their holdings in Power Financial, IGM Financial and Portag3.
Cetera Financial Group is an independent wealth hub and financial services provider comprising, among other companies, one of the largest families of independent registered investment advisers and broker-dealers in the United States. As such, Cetera provides financial advisors, tax professionals, and financial institutions with market and investment research, client-service platforms and technologies, trade execution and portfolio management services, and back-office support.
Solium Capital, now known as Shareworks by Morgan Stanley, is a subscription-software (SaaS) company headquartered in Calgary, Alberta, Canada. It is best known for Shareworks, software used by public and private companies to manage their employee stock options and/or cap tables. It also does 409A valuations. The company has ~3,000 clients and has offices in Canada, the United States, the UK, Europe and Australia. Morgan Stanley announced a definitive agreement to acquire Solium in February 2019 for approximately CAD$1.1 billion, a 40% premium over the recent trading price.
XMS Capital Partners(XMS) is an American independent, privately owned, global financial services firm providing investment banking, asset management, and merchant banking services worldwide.
CI Financial is the largest investment management firm by assets under management in Canada. Based in Toronto, Ontario, it offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors. It is considered one of the Big Three investment management companies in Canada, along with Mackenzie Investments and Fiera Capital.
Rockefeller Capital Management (RCM) is an independent wealth management and financial services firm, founded in 2018. The firm offers family office, asset management, and strategic advisory services to high-net-worth individuals and families, institutions, and corporations. Its president and CEO is Greg Fleming.