Canaccord Genuity

The company was established in 1950 as Hemsworth, Turton & Co., a Western Canadian venture capital firm.[7]

In 2004 Canaccord Capital went public on the Toronto Stock Exchange with an IPO price of $10.25 and initial purchase offering of $70-million.[1]

In 2006 Canaccord Capital purchased Adams, Harkness & Hill Financial Group Inc., a Boston-based investment dealer. The firms global capital markets division is rebranded Canaccord Adams.[9]

In 2009 Canaccord Capital was renamed Canaccord Financial.

In 2010, Canaccord Financial acquired Genuity Capital Markets in a cash and share deal worth about $286 million.[11] 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.[11]

In 2012, Canaccord Financial acquired Collins Stewart Hawkpoint for $400m acquiring "an independent financial advisory firm with research, trading and wealth management operations."[13][14]

In 2012 Canaccord Financial acquired Eden Financial, a London-based wealth management business for private client investment management.[15]

2013 Canaccord Financial rebrands its global wealth management division to Canaccord Genuity Wealth Management.[17][18]

Canaccord Genuity Wealth Management's total client assets amounted to $73.4 billion in assets under management at September 30, 2020. $24.6 billion in North America, $45.4 billion in the U.K. and Europe and $3.4 billion in Australia. [23] Canaccord Genuity Wealth Management and Credit Suisse Asset Management Partnership: In April 2016, Canaccord Genuity Wealth Management announced a strategic partnership with Credit Suisse Asset Management (CSAM).[24]

Includes (1) Investment Banking - M&A, Corporate Finance, Restructuring, Debt Advisory, Strategic Advice (2) Research, (3) Sales and Trading and (4) Fixed Income.

Landmark transactions have included advising Amaya Gaming Group in its $4.9 billion acquisition of PokerStars and Full Tilt Poker, advising Yamana Gold's $3.9 billion joint acquisition with Agnico Eagle of Osisko Mining, advising Primaris REIT's hostile defence and $5.0 billion sale to H&R REIT and KingSett Capital led consortium, advising Viterra's $6.1 billion sale to Glencore,[25] and advising the $2.2 billion cross-border sale of Daylight Energy to Sinopec, a unit of China Petrochemical Corp.[26] It has also advised on GLENTEL's $670 million sale to Bell Canada in 2014, and the sale of Canada Goose to Bain Capital. In 2012, it advised on Extorre Gold Mines' $404 million sale to Yamana Gold.[27]

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). 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.[28] 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.[29]

As for restructuring mandates, Canaccord Genuity advised Yellow Media on its $2.7 billion debt recapitalization in 2012.[30]