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Canaccord Genuity Group Inc. is a global, full-service
investment bank Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is ...
ing and
financial service Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, ...
s company that specializes in
wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high- ...
and
brokerage A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confu ...
in
capital markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to ...
. It is the largest independent investment dealer in Canada. 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. Canaccord Genuity provides
mergers and acquisitions Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...
,
corporate finance Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and anal ...
,
restructuring Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons ...
, 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 Clean technology, in short cleantech, is any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Cle ...
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.


History


1950 Hemsworth, Turton & Co. Founded

The company was established in 1950 as Hemsworth, Turton & Co., a Western Canadian venture capital firm.


2004 Canaccord Capital IPO to 2009

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. 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. In 2009 Canaccord Capital was renamed Canaccord Financial.


2010 Canaccord Financial acquired Genuity Capital Markets

In 2010, Canaccord Financial acquired Genuity Capital Markets in a cash and share deal worth about $286 million. 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.


2012 UK Expansion through Acquisition

In 2012, Canaccord Financial acquired Collins Stewart Hawkpoint for $400m acquiring "an independent financial advisory firm with research, trading and wealth management operations." In 2012 Canaccord Financial acquired Eden Financial, a London-based wealth management business for private client investment management.


2013 Canaccord Financial was renamed Canaccord Genuity Wealth Management

2013 Canaccord Financial rebrands its global wealth management division to Canaccord Genuity Wealth Management.


2017 Canaccord Genuity Group Inc. announced the complete acquisition of Hargreave Hale Lt


2019 Canaccord Genuity acquires Petsky Prunier


2019 Canaccord Genuity acquires Patersons Securities Limited


2021 Canaccord Genuity acquires the investment management business of Adam & Company


2021 Canaccord Genuity acquires Sawaya Partners


2022 Canaccord Genuity acquires Punter Southall Wealth Limited


Business divisions

The two units of Canaccord Genuity are "wealth management, catering to well-heeled individuals, and Global Capital Markets, serving corporate and institutional clients."


Canaccord Genuity Wealth Management

Canaccord Genuity Wealth Management's total client assets amounted to $96.1 billion in Canada, the UK & Europe, and Australia on March 31, 2022. 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).


Canaccord Genuity Global Capital Markets

Includes (1) Investment Banking - M&A, Corporate Finance, Restructuring, Debt Advisory, Strategic Advice (2) Research, (3) Sales and Trading, and (4) Fixed Income.


Transactions History

Landmark transactions have included advising
Amaya Gaming Group The Stars Group Inc. (formerly known as Amaya Inc., Amaya Gaming Group Inc. and Rational Group) was a Canadian gaming and online gambling company headquartered in Toronto, Ontario, Canada. Its shares were traded on Nasdaq and the Toronto Stock Ex ...
in its $4.9 billion acquisition of
PokerStars PokerStars is an online poker cardroom that was a part of The Stars Group until it was sold to Flutter Entertainment on May 5, 2020. It can be accessed through downloadable poker clients for the Windows, macOS, Android and iOS. It is the large ...
and
Full Tilt Poker Full Tilt Poker is an Irish online poker card room and online casino that opened in June 2004. Formerly privately owned by Tiltware, LLC and later by the Rational Entertainment Group, the site was acquired by The Stars Group (then known as Amaya ...
, advising
Yamana Gold Yamana Gold Inc. is a Canadian company that owns and operates gold, silver and copper mines in Canada, Chile, Brazil and Argentina. Headquartered in Toronto, the company was founded in 1994 and became listed on the Toronto Stock Exchange in 1995 ...
'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 H&R Real Estate Investment Trust is a Canadian Open-end fund, open-ended real estate investment trust, specializing in commercial real estate, and based in Toronto, Ontario. It is the third largest REIT in Canada by market capitalization (after Ri ...
and KingSett Capital led consortium, advising
Viterra Viterra began as a Canadian grain handling business, the nation's largest grain handler, with its historic formative roots in prairie grain-handling cooperatives, among them the iconic Saskatchewan Wheat Pool. Viterra Inc grew into a global agr ...
's $6.1 billion sale to
Glencore Glencore plc is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Glencore's oil and gas head office is in London and its registered office is in Saint Helier, Jersey. The current company was c ...
, and advising the $2.2 billion cross-border sale of Daylight Energy to
Sinopec China Petroleum & Chemical Corporation (中国石油化工股份有限公司) or Sinopec (), is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai. Sinopec Limited's parent, Sinopec Gr ...
, a unit of China Petrochemical Corp. It has also advised on
GLENTEL Glentel is a Canadian retail firm. Based in Burnaby, the company deals primarily as a retailer of mobile phone services. In Canada, the company operates over 350 wireless outlets under the Tbooth Wireless (La cabine T sans-fil in Quebec, formerly ...
's $670 million sale to
Bell Canada Bell Canada (commonly referred to as Bell) is a Canadian telecommunications company headquartered at 1 Carrefour Alexander-Graham-Bell in the borough of Verdun in Montreal, Quebec, Canada. It is an ILEC (incumbent local exchange carrier) in t ...
in 2014, and the sale of
Canada Goose The Canada goose (''Branta canadensis''), or Canadian goose, is a large wild goose with a black head and neck, white cheeks, white under its chin, and a brown body. It is native to the arctic and temperate regions of North America, and it is o ...
to
Bain Capital Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry se ...
. In 2012, it advised on Extorre Gold Mines' $404 million sale to
Yamana Gold Yamana Gold Inc. is a Canadian company that owns and operates gold, silver and copper mines in Canada, Chile, Brazil and Argentina. Headquartered in Toronto, the company was founded in 1994 and became listed on the Toronto Stock Exchange in 1995 ...
. In 2013, the Canaccord Genuity team put together a consortium of major investors, including
Schroders Schroders plc is a British multinational asset management company, founded in 1804. The company employs over 5,000 people worldwide in 32 locations around Europe, America, Asia, Africa and the Middle East. Headquartered in the City of London, it ...
and Threadneedle Investments, in participating in a takeover bid proposal for 316 bank branches of the
Royal Bank of Scotland The Royal Bank of Scotland plc (RBS; gd, Banca Rìoghail na h-Alba) is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster Bank ...
(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 Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...
Private Equity and LBO France to
General Electric General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energ ...
, growing the
GE Power Conversion GE Power Conversion is an electrical engineering company and is a subsidiary of GE Power, part of General Electric. GE Power Conversion's global headquarters is located in the Paris-Saclay research-intensive and business cluster, south of Paris ...
business. In the same year, Canaccord Genuity also advised the
Bank of Ireland Bank of Ireland Group plc ( ga, Banc na hÉireann) is a commercial bank operation in Ireland and one of the traditional Big Four Irish banks. Historically the premier banking organisation in Ireland, the Bank occupies a unique position in Iris ...
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. As for restructuring mandates, Canaccord Genuity advised
Yellow Media Yellow Pages Limited (formerly Yellow Pages Income Fund and Yellow Media) is a Canadian publication and internet services company that owns and operates Canadian properties and publications including ''Yellow Pages'' directories, YellowPages.ca, an ...
on its $2.7 billion debt recapitalization in 2012.


Leadership

Some of Genuity's former partners and current executives include: * David J. Kassie (former Chairman and CEO of
CIBC World Markets CIBC World Markets Inc. is the investment banking subsidiary of the Canadian Imperial Bank of Commerce. The firm operates as an investment bank both in the domestic and international equity and debt capital markets. The firm provides a variety ...
and founder of Genuity Capital Markets) * Daniel Daviau (former Head of Investment Banking at
CIBC World Markets CIBC World Markets Inc. is the investment banking subsidiary of the Canadian Imperial Bank of Commerce. The firm operates as an investment bank both in the domestic and international equity and debt capital markets. The firm provides a variety ...
and founding member of Genuity Capital Markets)


References

{{Investment banks Companies listed on the Toronto Stock Exchange Banks of Canada Banks established in 1950 Financial services companies established in 1950 Investment management companies of Canada