Fiera Capital Management Buys Out Desjardins Stake

Fiera Capital A (TSE:FSZ) has released an update.

In a significant move, Fiera Capital’s senior management and board members have acquired all shares previously owned by Desjardins for C$53 million, reflecting a deepened commitment to the firm’s strategic goals. The transaction, involving 6.8% of the company’s total outstanding shares, strengthens internal alignment without altering the organizational structure or Fiera’s ongoing business relationship with Desjardins. Funded partly by a C$20 million credit facility, this move highlights Fiera Capital’s robust position and dedication to sustained growth in the asset management industry.

For further insights into TSE:FSZ stock, check out TipRanks’ Stock Analysis page.