Fiera Capital to Acquire Integrated Asset Management

MONTREAL, March 22, 2019 /PRNewswire/ --

Transaction Complements Existing Suite of Private Alternative Investment Strategies, Adding Over $3 Billion in Aum And Committed Capital

• Transforms Fiera Private Lending into a leading pan-Canadian non-bank private lending platform
• Accelerates Fiera Properties growth with a complementary niche offering focused on industrial property
• Transaction enterprise value of $64 million
• Accretive to Fiera Capital's 2019 EPS and Adjusted EPS

Fiera Capital Corporation ("Fiera Capital" or the "Firm") (TSX: FSZ) announced today that it has entered into a definitive agreement with Integrated Asset Management Corp. ("IAM") (TSX: IAM) (the "Agreement") under which it will acquire all of the outstanding common shares of IAM ("IAM Shares") pursuant to a statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Transaction"). IAM's private debt investment team will be incorporated within Fiera Private Lending and the industrial real estate team will be joining Fiera Properties, expanding the depth of strategies offered within Fiera Capital's Private Alternative Investments platform. The transaction received the unanimous support of the board of directors of both companies, and IAM shareholders holding 62% of issued and outstanding IAM Shares have entered into voting and support agreements in favour of the Transaction, as further described below.

The Transaction is expected to close in the second quarter of 2019.

"This acquisition further strengthens and diversifies Fiera Capital's private alternatives lending platform, bringing significant capabilities in private debt in addition to expanding our real estate platform," said John Valentini, President and CEO, Private Alternative Investments, Fiera Capital. "We are excited to offer a leading private lending platform that is truly national and further develop our real estate investment strategies, while simultaneously driving the growth and distribution of an enhanced suite of private markets strategies."

"With this acquisition, Fiera Private Lending becomes one of the leading pan-Canadian non-bank lending platforms in the country," said Jean Gamache, President, Fiera Private Lending. "In addition to an experienced team and a long track record of performance, IAM brings a complementary product offering with its long-term loans, strengthening our existing portfolio and providing Fiera Capital investors with even more opportunities for diversification."