Desjardins has announced a definitive agreement to acquire Guardian Capital Group Limited for CAD 1.7 billion, aiming to enhance its asset management capabilities and market presence.

Information on the Target

Desjardins has signed a definitive agreement to acquire Guardian Capital Group Limited, a publicly traded global investment management firm. Guardian Capital serves a diverse clientele that includes institutional, retail, and private investors. This acquisition, valued at CAD 1.7 billion, is a significant step for Desjardins, positioning it as a leader in the asset management industry.

The transaction is expected to close in the first quarter of 2026, pending the necessary regulatory approvals and satisfaction of customary closing conditions. Through this acquisition, Desjardins aims to enhance its service offerings and establish a stronger foothold both domestically and internationally.

Industry Overview in Canada

The asset management industry in Canada has been experiencing substantial growth, fueled by increased investment from both retail and institutional clients. The market is characterized by a push towards responsible investing, as