Transaction|May 1, 2018

Cumberland successfully completes merger to create a diversified investment management firm

Torys acted as counsel to Cumberland Partners with a team that included Richard Willoughby, Adam Armstrong, Kevin Armitage and Rob Shaw (corporate/M&A), Christine Vogelesang and Jonathan Lee (managed assets), Andrew Wong (tax) and Tom Zverina (lending).

On May 1, 2018, Cumberland Partners Limited (CPL), parent company of Cumberland Private Wealth Management Inc., Cumberland Associates Investment Counsel Inc., and their related entities (collectively, "Cumberland Private Wealth") completed a previously announced transaction to merge its business with (i) Norrep Investment Management Group Inc. ("NIMG"), parent company of Norrep Capital Management Ltd. ("NCM"); and (ii) Perron & Partners Wealth Management Corp., Perron Asset Management Inc., and their related entities (collectively, "Perron & Partners"), resulting in a combined, independently owned investment management firm with approximately C$4 billion in assets under management

Cumberland Private Wealth is a leading, Canadian, independent wealth management firm and trusted advisor for high net worth individuals, their families and foundations with $1 million or more in investable assets.

NCM has been one of Canada's leaders in actively managed investment products for 20 years.

Perron & Partners is an independent wealth management firm in Calgary, Alberta.

Further information can be found on Globe Newswire's website.