On November 25, 2024, ATB Financial, the largest financial institution headquartered in Western Canada, closed a major transaction to acquire BCV Asset Management Inc. (“BCV”), a leading Manitoba-based portfolio management firm with $6.0 billion assets under management.
MLT Aikins proudly acted as co-counsel with D’Arcy & Deacon LLP on this complex mergers & acquisitions transaction. Historically, MLT Aikins has represented BCV’s second-largest individual shareholder for more than a decade.
The MLT Aikins transaction team included Winnipeg partners Jason Goldberg (Taxation and Corporate M&A lead), Richmond Bayes (Corporate Finance & Securities), Caitlin Bouché (Commercial), counsel Glen Gerrie (Taxation) and associate Desiree Katz (Taxation).
The transaction involved intricate elements, including a unique purchaser (ATB Financial) and a broad shareholder base. MLT Aikins and D’Arcy & Deacon lawyers collaborated on various legal aspects including taxation, commercial, governance and securities regulatory issues. Ultimately, this significant transaction involved purchaser applications to the Canadian Investment Regulatory Organization (CIRO), various provincial securities regulators and the Competition Bureau of Canada.
About BCV Asset Management Inc.
Founded in 2007, BCV has a proven track record of delivering results in building and protecting clients’ wealth. As a standalone subsidiary of ATB Financial, BCV will continue to implement its successful business model, strategies and products. BCV will also maintain its Winnipeg headquarters and retain its established brand identity. The company’s leadership and portfolio management teams will remain in place to ensure continuity and dedicated client service.
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