On January 2, 2018, Knowledge First Financial acquired Heritage Education Funds. The transaction creates the largest Registered Education Savings Plan (RESP) provider in Canada with a combined $6.2 billion in assets under management. Financial terms of the transaction have not been disclosed.
Both companies are leading Canadian RESP providers and have helped Canadians plan—and support—their continuing education needs through RESP for the past 50+ years.
Wildeboer Dellelce LLP advised the Purchasers with a team that included Mark Wilson, Rebecca Cochrane and Alexandra Meffe (corporate/commercial), Chris Partridge (banking), Katy Pitch (tax), Daniel Shapira (commercial real estate) and Ronald Schwass (regulatory/compliance).
McMillan LLP advised the Vendors on the sale of Heritage Education Funds Inc., and their affiliates, with a team led by Patrick Phelan and composed of Sean Brandreth, Carolynn Goldman and Anthony Pollatta (business law), Michael Burns (capital markets), William Rowlands (real estate), and David Thring, Anna Ly and Megan Singleton (financial services).