S&C client Fiera Capital Corporation announced that it had completed its acquisition of Clearwater Capital Partners, LLC from affiliates of Clearwater’s founders, Robert Petty and Amit Gupta, for a total consideration of up to $65 million.
Clearwater is a leading Asia-focused credit and special situations investment firm headquartered in Hong Kong with approximately $1.4 billion of assets under management. Fiera is a leading publicly traded, independent investment management firm listed on the TSX with a market capitalization of approximately $1.1 billion. The purpose of the transaction is to establish Fiera’s Asia-Pacific footprint and provide Fiera with the opportunity to gain entry to the Asian private credit market.
The S&C team advising Fiera was led by Garth Bray, along with Michelle Vickers and Derek Bhavsar. Mark Menting and Frederick Wertheim, along with Rae Zhou advised on bank regulatory and investment advisory issues. Rebecca Coccaro and Joshua Green advised on executive compensation and employee benefit matters. David Spitzer, along with Assaf Prussak and Lauren Citrome advised on tax matters.