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| Company type | Public |
|---|---|
| TSX: CF | |
| Industry | Financial services |
| Founded | 1950; 75 years ago (1950)[1] |
| Founder | Peter Brown[2] |
| Headquarters | , Canada |
Area served | North America, UK & Europe, Asia and Australia[3] |
Key people | Daniel Daviau (CEO) |
| Services | Investment banking Private banking Wealth management |
| Revenue |  C$1.5 billion(2024)[4] |
 C$30 million(2024)[4] | |
| AUM | C$103.9 billion(2024)[4] |
| Total assets | C$6.1 billion(2024)[4] |
| Total equity | C$1.0 billion(2024)[4] |
Number of employees | 2,798(2024)[4] |
| Divisions |
|
| Website | cgf |
Canaccord Genuity Group Inc. is aninvestment banking andfinancial services company that specializes inwealth management andbrokerage incapital markets. It is the largest independent investment dealer in Canada.[5] The firm focuses on growth companies, with operations in 10 countries. 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.[6][7]
Canaccord Genuity providesmergers and acquisitions,corporate finance,restructuring, debt advisory, and strategic advice for corporate, government, and private-equity clients. 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.
The company was established in 1950 as Hemsworth, Turton & Co., a Western Canadian venture capital firm.[8]
In 2004, Canaccord Capital went public on the Toronto Stock Exchange with anIPO price of $10.25 and an estimated valuation of $70 million.[1]
In 2006, Canaccord Capital acquired Adams, Harkness & Hill Financial Group Inc., a Boston-based broker-dealer. The firm's global capital markets division was rebranded as Canaccord Adams.[9]
In 2009, Canaccord Capital was renamed Canaccord Financial. Canaccord Financial acquired Genuity Capital Markets in 2010,[10] 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.[11]
In 2012, Canaccord Financial acquired Collins Stewart Hawkpoint for $400m acquiring "an independent financial advisory firm with research, trading and wealth management operations."[12][13][14]
In 2012, Canaccord Financial acquired Eden Financial, a London-based wealth management business for private client investment management.[15]
2013 Canaccord Financial rebranded its global wealth management division to Canaccord Genuity Wealth Management.[16][17][18] and acquired Hargreave Hale Ltd the next year.[19] It acquired Petsky Prunier[20] and Patersons Securities Limited in 2019.[21]
In 2021 Canaccord Genuity acquired the investment management business of Adam & Company[22] from the Royal Bank of Scotland for $94.9 million.
In 2021 Canaccord Genuity acquired Sawaya Partners[23] a New York City-based boutique investment bank specializing in consumer and retail. In 2022, Canaccord Genuity acquired Punter Southall Wealth Limited[24]
The two units of Canaccord Genuity are wealth management and global capital markets, serving corporate and institutional clients.[1]
Canaccord Genuity Wealth Management's total client assets amounted to $96.2 billion in Canada, the UK & Europe, and Australia on March 31, 2023.[25] In April 2016, Canaccord Genuity Wealth Management announced a strategic partnership with Credit Suisse Asset Management (CSAM).[26]
Transactions have included advisingAmaya Gaming Group in its $4.9 billion acquisition ofPokerStars andFull Tilt Poker, advisingYamana Gold's $3.9 billion joint acquisition with Agnico Eagle of Osisko Mining, advising Primaris REIT's hostile defense and $5.0 billion sale toH&R REIT and KingSett Capital led consortium, advisingViterra's $6.1 billion sale toGlencore,[27] and advising the $2.2 billion cross-border sale of Daylight Energy toSinopec, a unit of China Petrochemical Corp.[28] It has also advised onGLENTEL's $670 million sale toBell Canada in 2014, and the sale ofCanada Goose toBain Capital. In 2012, it advised on Extorre Gold Mines' $404 million sale toYamana Gold.[29]
In 2013, the Canaccord Genuity team put together a consortium of major investors, includingSchroders and Threadneedle Investments, in participating in a takeover bid proposal for 316 bank branches of theRoyal 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 fromBarclays Private Equity and LBO France toGeneral Electric, growing theGE Power Conversion business.[30] In the same year, Canaccord Genuity also advised theBank 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 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.[31]
As for restructuring mandates, Canaccord Genuity advisedYellow Media on its $2.7 billion debt recapitalization in 2012.[32]
Dan Daviau is CEO and chairman since June 2024.[33]
