Industry: Financial Services not elsewhere classified
On Nov. 2, 2021, Wellington-Altus Financial Inc. (“Wellington-Altus”) announced up to $85 million in minority growth equity investments from The Cynosure Group (“Cynosure”) and Jessiman Family Investments (“JFI”). This strategic partnership will support the firm’s growth through hiring wealth advisors and acquiring money management firms across the country.
Through their investments, Cynosure and JFI have or will, as applicable, become minority owners of Wellington-Altus and will join the company’s board of directors, subject to shareholder approval. Wellington-Altus’ founders, advisors and management team will continue to control and operate the business.
MLT Aikins LLP represented Wellington-Altus Financial Inc. with a team that included
David C. Filmon,
Jordan T. Riese,
Paul V. Tascona.
Torys LLP represented The Cynosure Group with a team that included
Ricco A.S. Bhasin,
Marko Trivun,
Tia Eisner (corporate/M&A),
Glen Johnson,
Christine Vogelesang (regulatory),
Tom Stevenson (pensions and employment),
Andrew Wong (tax).