Wellington-Altus attracts additional investment from The Cynosure Group
Torys acted as counsel to The Cynosure Group with a team led by (Ricco) A.S. Bhasin and that included Hannah Atkinson and Melissa Lowy (corporate/M&A), Christine Vogelesang (securities regulatory) and Andrew Wong (tax).
On December 7, 2023, Wellington-Altus Financial Inc. (“Wellington-Altus”) announced a C$40 million second-round growth equity investment from The Cynosure Group (“Cynosure”).
Since its first investment in 2021, Cynosure increased its minority ownership stake to 15%, underscoring its commitment and confidence in the future of Wellington-Altus.
Further information can be found on Canada Newswire’s website.
Wellington-Altus is the parent company to Wellington-Altus Private Counsel, Wellington-Altus USA, Wellington-Altus Insurance, Wellington-Altus Group Solutions, Wellington-Altus Asset Management, and Wellington-Altus Private Wealth —the top-rated wealth advisory company in Canada (according to Investment Executive 2023 Brokerage Report Card), and one of Canada's Best Managed Companies.
Cynosure is an independent alternative asset manager and portfolio advisor that makes long-term investments on behalf of families, foundations, and other like-minded institutions.