Arnold Bloch Leibler has advised Canaccord Genuity on its acquisition of 100 percent of the shares in Wilsons Advisory.
The acquisition, finalised under a share sale agreement, is a strategic move by Canaccord Genuity Australia to significantly increase the scale of its wealth management operations and enhance its capital markets capabilities in Australia.
The ABL team was led by Corporate and M&A partner Jeremy Leibler, with assistance from senior associate Ryan Taylor and lawyer Omer Samuni. Banking & Finance partner Damien Cuddihy and lawyer Conor Lange provided advice in relation to the financing aspects of the transaction. We were delighted to work with corporate advisory, EM Advisory, who also assisted on the transaction.
The combined entity is set to become one of Australia’s leading wealth management and capital markets firms, with approximately AUD $17 billion in fee-generating client assets and a total of AUD $41.8 billion in assets under advice.
"The acquisition of Wilsons Advisory is a transformational deal that will position the combined business as a major player in the Australian financial services sector, with a strong platform for continued growth," said Jeremy Leibler. "We were pleased to work with the Canaccord Genuity team on this milestone transaction."
Marcus Freeman, Canaccord Genuity Australia’s CEO, commented: “By uniting our complementary strengths and increasing the scale of our operations, we expect to substantially enhance our value proposition and product suite for our wealth management and capital markets clients.“
