Canaccord Genuity
Canaccord Genuity Group Inc. is a global, full-service investment banking and financial services company that specializes in wealth management and brokerage in capital markets. It is the largest independent investment dealer in Canada.[6] The firm focuses on growth companies, with operations in 10 countries worldwide and the ability to list companies on 10 stock exchanges. Canaccord Genuity, the international capital markets division, is based in Canada, with offices in the US, the UK, France, Germany, Ireland, Hong Kong, China, Singapore, Dubai, Australia, Barbados, and The Bahamas.[7][8]
Company type
Canaccord Genuity provides mergers and acquisitions, corporate finance, restructuring, debt advisory, and strategic advice for corporate, government, and private-equity clients globally. The firm's practice areas include aerospace and defense, agriculture, clean technology and sustainability, consumer and retail, energy, financials, health care and life sciences, infrastructure, leisure, media and telecommunications, metals and mining, real estate and hospitality, technology, transportation, and private equity.
History[edit]
2004 Canaccord Capital IPO to 2009[10][edit]
In 2004, Canaccord Capital went public on the Toronto Stock Exchange with an IPO price of $10.25 and an initial purchase offering of $70 million.[1]
In 2006, Canaccord Capital purchased Adams, Harkness & Hill Financial Group Inc., a Boston-based investment dealer. The firm's global capital markets division is rebranded by Canaccord Adams.[11]
In 2009, Canaccord Capital was renamed Canaccord Financial.
2010 Canaccord Financial acquired Genuity Capital Markets[12][edit]
In 2010, Canaccord Financial acquired Genuity Capital Markets in a cash and share deal worth about $286 million.[13] 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.[13]
2012 UK Expansion through Acquisition[14][edit]
In 2012, Canaccord Financial acquired Collins Stewart Hawkpoint for $400m acquiring "an independent financial advisory firm with research, trading and wealth management operations."[15][16]
In 2012, Canaccord Financial acquired Eden Financial, a London-based wealth management business for private client investment management.[17]
Some of Genuity's former partners and current executives include: