Wellington-Altus attracts up to C$85 million in minority partner capital
Torys acted as counsel to The Cynosure Group with a team that included (Ricco) A.S. Bhasin, Marko Trivun and Tia Eisner (corporate/M&A), Glen Johnson and Christine Vogelesang (regulatory), Tom Stevenson (pensions and employment) and Andrew Wong (tax).
On November 2, 2021, Wellington-Altus Financial Inc. (“Wellington-Altus”) announced up to C$85 million in minority growth equity investments from The Cynosure Group (“Cynosure”) and Jessiman Family Investments (“JFI”). This strategic partnership will support the firm's growth through hiring top wealth advisors and acquiring select established money management firms across the country.
Through their investments, Cynosure and JFI have or will (as applicable) become minority owners of Wellington-Altus and will join the company's Board of Directors, subject to shareholder approval. Wellington-Altus' founders, advisors, and management team will continue to control and operate the business.
Further information can be found on Canada Newswire’s website.
Wellington-Altus Financial Inc. is an independent wealth management company, with approximately C$20 billion in assets under administration.
Jessiman Family Investments is a Winnipeg-based Family Office, with substantial holdings in public equities, real estate, and a portfolio of private investments, including a Private Equity partnership.
The Cynosure Group is an independent alternatives asset manager and portfolio advisor that makes long-term investments on behalf of families, foundations, and other like-minded institutions.