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Canaccord Genuity will add £100 million to existing bank facility
Chicago, May 31 – Canaccord Genuity Group Inc. said that it will add £100 million to its existing bank facility, according to a press release.
The transaction is related to the company’s wealth management business’ completion of the acquisition of Punter Southall Wealth Ltd.
Related financing comes from a £65.3 million investment from HPS Investment Partners, LLC through the purchase of a new series of convertible preferred shares.
Canaccord Genuity is an independent financial services company based in Toronto and London.
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