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Alvarez & Marsal CF Advises NG Holdings Canada on Acquisition of PI Financial

December 26, 2018, 08:00 AM

Alvarez & Marsal (A&M) Corporate Finance acted as the exclusive financial advisor to NG Holdings Canada Ltd. (NHCL) on its successful acquisition of PI Financial Corp. (PI) for a total cash investment of over 100 million Canadian dollars.

NHCL is owned by Canadian entrepreneur Mr. Gary Ng, President and CEO of NG Holdings Canada Ltd. PI is a leading, independent Canadian full-service investment dealer employing over 300 people.

“A&M Corporate Finance was actively involved as our advisor throughout the acquisition,” said Mr. Ng. “This is the second transaction that we have completed with A&M’s assistance. The firm serves as a key partner that has been instrumental in our plan to consolidate the independent investment management space. We are extremely pleased with the outcome and appreciate A&M’s market knowledge and the transaction support they brought to this situation.”

Hugh Rowan-Legg, Managing Director and Head of A&M Corporate Finance in Canada, added, “We’re very proud to have worked with Mr. Ng on this second acquisition. A&M’s operational heritage and our roll up our sleeves attitude align with Mr. Ng’s rich entrepreneurial history. We look forward to seeing PI’s continued growth under his new ownership.”

A&M acted as the exclusive financial advisor to NHCL and worked closely with the management team throughout the transaction.

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