Fastfrate Group completes majority acquisition of Challenger Group
TORONTO, Aug. 3, 2022 /PRNewswire/ - Fastfrate Group has officially completed its majority acquisition of Challenger Group following Competition Bureau Canada approval on August 2, 2022.
- TORONTO, Aug. 3, 2022 /PRNewswire/ - Fastfrate Group has officially completed its majority acquisition of Challenger Group following Competition Bureau Canada approval on August 2, 2022.
- As part of the acquisition, Challenger Group will continue to operate independently under incoming CEO Jim Peeples.
- Loopstra Nixon LLP acted as legal counsel and Ernst & Young Orenda Corporate Finance Inc. acted as financial advisor to Fastfrate Group.
- Scotiabank and Whiteshell Advisory Inc. acted as financial advisors and Gowling WLG served as legal counsel to Challenger Group.