100 per cent ownership enhances partnership between capital markets
and full service brokerage
TORONTO, Dec. 4 /CNW/ - Wellington West Holdings Inc., a privately held,
employee-owned financial services firm, today announced its 100 per cent
ownership of Wellington West Capital Markets Inc. The purchase price was paid
in cash and in shares of Wellington West Holdings Inc. and the transaction
includes long-term commitments from the principals of Wellington West Capital
"We are thrilled to welcome our capital markets group as full partners,"
said Kish Kapoor, president of Wellington West Holdings Inc. "Consolidating
our ownership structure is a sign of our commitment to the growth strategies
of both our retail and institutional segments."
Wellington West Holdings Inc. had previously acquired a 50 per cent stake
in Wellington West Capital Markets in February 2005.
"The appeal of Wellington West for our team is the culture and the
ownership structure, along with a strong tie to a national retail distribution
network," said Greg Thompson, president, Wellington West Capital Markets Inc.
"In an industry that can be largely undifferentiated at the institutional
level, Wellington West is a unique place for smart, talented people who want
to shape and influence their own firm and their own future."
"Our capital markets team and our retail advisors work seamlessly
together," said Charlie Spiring, CEO, Wellington West Holdings Inc. "We are
generating great ideas for our clients and winning major mandates. The market
is starting to take notice."
Wellington West Capital Markets is based in Toronto. The team has grown
to 23 professionals and 23 supporting employees and achieved revenue growth in
excess of 100 per cent annually since the initial partnership was formed with
Wellington West in 2005. The Financial Post/Starmine Top Analyst Awards
recently ranked Wellington West Capital Markets as No.2 among independent
investment dealers with five additional awards for analyst coverage in
specific sector categories.
About Wellington West
Wellington West is a full-service independent investment dealer
specializing in family wealth management and capital markets services to
institutions and corporate issuers in certain niche markets. With more than
500 employees across Canada, Wellington West provides investment management,
financial planning, insurance, asset management and capital markets services.
Wellington West is an employee-owned company. Founded in 1993 and based in
Winnipeg, Wellington West has become one of the fastest-growing independent
full-service investment firms in Canada, with more than $9.7 billion in assets
under administration. Among its many corporate achievements, Wellington West
was named the No.1 Best Employer in Canada in 2007, one of Canada's Fastest
Growing Companies in 2007 and one of Canada's 50 Best Managed Companies for
2006. In addition, Wellington West retained its No.1 ranking for a record
fourth consecutive year in the 2007 Brokerage Report Card survey and was named
No.2 Independent Investment Dealer in the 2006 Financial Post / Starmine Top
Analyst Awards, along with No.1 analyst ranking in Oil, Gas and Consumable
Fuels, No.1 in Business Trusts and No.2 in IT Equipment in the top earnings
For further information:
For further information: Media Contact: Janine Waschuk, (416) 899-2617