Canadian fund group makes offer for Charlemagne Capital

To acquire frontier markets boutique for £40.7m

Canadian investment management firm Fiera Capital has made an offer to acquire London-based emerging and frontier markets boutique Charlemagne Capital.

The Canadian group said the acquisition, if it goes ahead, would provide it with a strong European platform and an entry point into the emerging and frontier market space. The proposed terms of the transaction would see Charlemagne shareholders entitled to receive 14p in cash in aggregate for every share they hold in the business, which includes a special dividend of 3p and values the transaction at around £40.7m. The offer marks a 16.7% premium to the closing price on Charlemagne Capital shares on 29 September, the day prior to the offer, which stood at 12p. Jean-Guy Desjardins, c...