(January 25 – 12:00 ET) – First International Asset Management Inc. has acquired a 33.3% equity interest in Deans Knight Capital Management Ltd. with an option to acquire up to a 67% equity interest, under certain circumstances.
Established in 1993, Deans Knight is a Vancouver-based investment management firm specializing in the management of small capitalization equities and high-yield corporate bonds for mutual fund, institutional and individual clients.
The Company currently manages assets of approximately $800 million. Deans Knight is also the portfolio manager for a number of funds administered by Triax Capital Holdings Ltd. and Marathon Mutual Funds, including TDK 1998 and 1999 Flow-Through Limited Partnerships and the Marathon Equity and Resource Funds. Triax and Marathon Mutual Funds are wholly-owned subsidiaries of First Asset.
Including the Deans Knight transaction, First Asset has completed eight acquisitions to date; 49% of Beutel, Goodman & Company Ltd.; 100% of Triax Capital Holdings Ltd.; 50.01% of Foyston, Gordon & Payne Inc.; 60% of Covington Capital Corporation; 100% of Marathon Mutual Funds; 60% of Money Concepts (Canada) Ltd.; 100% of Northwest Mutual Funds Inc.; and, 100% of Groupe Financier Concorde.
-IE Staff