News & Events

On April 19, 2005 Affiliated Managers Group, Inc. (NYSE: AMG), an asset management company, announced that it has reached a definitive agreement to acquire equity interests in six Canadian asset management firms: Foyston, Gordon & Payne, Inc.; Beutel, Goodman & Company Ltd.; Montrusco Bolton Investments Inc.; Deans Knight Capital Management Ltd.; Triax Capital Corporation; and Covington Capital Corporation.

AMG has agreed to acquire its interests through the acquisition of First Asset Management Inc., a privately-held Canadian asset management holding company that owns equity interests in these firms. The transaction is expected to close early in the third quarter, pending the completion of transaction-related closing conditions including regulatory approvals.

Simpson Thacher served as transaction counsel for AMG, working with a leading Canadian law firm as counsel to AMG with respect to Canadian legal matters.

The Simpson Thacher team who worked on the deal included Robert Goldbaum, Darren Novak and Audra Lazarus.