Canaccord Genuity

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Canaccord Genuity Group Inc
Public
Traded as TSX: CF
LSE: CF
Industry Financial services
Founded 1950 (1950)
Headquarters Toronto, Canada
Area served
 Worldwide
Key people
 Daniel Daviau (Chief executive officer)
Services investment banking, private banking, wealth management
Revenue Increase C$ 855 million (FY 2014)[1]
Increase C$ 51 million (FY 2014)[1]
AUM Increase C$ 31.3 billion (FY 2014)[2]
Total assets Increase C$ 5.01 billion (FY 2014)[1]
Total equity Increase C$ 1.38 billion (FY 2014)[1]
Number of employees
 2,031 (2013)
Website www.canaccordgenuitygroup.com

Canaccord Genuity Group Inc. is a global, full-service investment banking and financial services company that specializes in wealth management and brokerage in capital markets. It is the largest independent investment dealer in Canada.[3] The firm focuses on growth companies, with operations in 10 countries worldwide and the ability to list companies on 10 stock exchanges. Canaccord Genuity, the international capital markets division, is based in Canada, with offices in the US, the UK, France, Germany, Ireland, Hong Kong, China, Singapore, Australia and Barbados.[4][5][6][7]

Canaccord Genuity provides mergers and acquisitions, corporate finance, restructuring, debt advisory and strategic advice for corporate, government and private equity clients globally. The firm's practice covers a broad range of industries including: aerospace & defence, agriculture, clean technology & sustainability, consumer & retail, energy, financials, health care & life sciences, infrastructure, leisure, media & telecommunications, metals & mining, real estate & hospitality, technology, transportation & industrials, and private equity.[8]

Landmark transactions have included advising Amaya Gaming Group in its $4.9 billion acquisition of PokerStars and Full Tilt Poker,[9] advising Yamana Gold's $3.9 billion joint acquisition with Agnico Eagle of Osisko Mining,[10] advising Primaris REIT's hostile defence and $5.0 billion sale to H&R REIT and KingSett Capital led consortium,[11] advising Viterra's $6.1 billion sale to Glencore,[12] and advising the $2.2 billion cross-border sale of Daylight Energy to Sinopec, a unit of China Petrochemical Corp.[13] It has also advised on GLENTEL's $670 million sale to Bell Canada in 2014,[14] and the sale of Canada Goose (clothing) to Bain Capital.[15] In 2012, it advised on Extorre Gold Mines' $404 million sale to Yamana Gold.[16]

In 2013, Canaccord Genuity team put together a consortium of major investors, including Schroders and Threadneedle Investments, in participating in a takeover bid proposal for 316 bank branches of the Royal Bank of Scotland (RBS).[17] Two buyout firms, Apollo Management and JC Flowers, also submitted a joint offer. In 2011, the firm advised the $3.2 billion sale of Converteam from Barclays Private Equity and LBO France to General Electric, growing the GE Power Conversion business.[18] In the same year, Canaccord Genuity also advised the Bank of Ireland on the disposal of a c.£1.3bn UK commercial real-estate loan book to California-based Kennedy Wilson and institutional partners for a consideration of c.£1.07bn, over 80% of par value despite both the poor UK commercial real estate and lending market conditions at the time.[19]

In 2006, Genuity Capital Markets co-advised Advanced Micro Devices (AMD) on its $5.4 billion acquisition of ATI Technologies.[20] Genuity also advised General Electric (GE) on multiple acquisitions, including the $3.8 billion disposal of GE Advanced Materials to Apollo Global Management, $484 million buyout of 49.9% of GE Toshiba Silicones, $602 million buyout of 29.9% of GE Bayer Silicones, $435 million acquisition of Biacore AB, and $230 million acquisition of Radstone.[21][22][23][24]

As for restructuring mandates, Canaccord Genuity advised Yellow Media on its $2.7 billion debt recapitalization in 2012.[25]

Business divisions

Global Capital Markets[26]

  • Investment Banking - M&A, Corporate Finance, Restructuring, Debt Advisory, Strategic Advice
  • Research
  • Sales and Trading
  • Fixed Income

Wealth Management

History

The company was established in 1950.

In 2006 Canaccord Capital was renamed Canaccord Adams after the takeover of Adams, Harkness & Hill Financial Group Inc., a Boston-based investment dealer.

In 2009 Canaccord Adams was renamed Canaccord Financial.[28]

In 2010, Canaccord Financial acquired Genuity Capital Markets in a cash and share deal worth about $286 million. Genuity Capital Markets, founded in 2005, had 135 employees with offices in Canada and the U.S. and was a leader in independent advisory and restructuring in Canada.[29]

On October 1, 2013, Canaccord Financial was renamed Canaccord Genuity.

Canaccord Financial acquired Collins Stewart Hawkpoint in 2011.[30]

In 2012 Canaccord Financial acquired Eden Financial, a London-based wealth management business.

In 2015, the firm was ranked 17th in the branche-internal "Top 25 Investment Bank to Work For" survey by Vault.com.[31]

References

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  29. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  30. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  31. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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