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Toronto-based Dundee Corp. has sold the assets of its capital-markets business to a new employee-owned partnership.

“The transfer of our capital markets business completes a process we began more than a year ago,” says David Goodman, president and CEO of Dundee, in a statement. “We believe this new enterprise is well-positioned to succeed as a stand-alone entity.”

The new entity will operate as Dundee Capital Partners (DCP), with a name change and full re-branding expected to be announced in early 2017.

“I am extremely pleased to be working with a group of seasoned executives and professionals with a track record of success and accomplishment in the Canadian capital markets,” says Mark Attanasio, CEO of DCP, in a statement. “On behalf of my partners, we are excited for the chance to leverage our entrepreneurial culture to build a leading independent Canadian firm, focused on meeting the needs of a diverse client base.”

Dundee will continue to maintain an interest in DCP through the form of subordinated debt.

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