MONTREAL and NEW
YORK CITY, July 9, 2024 /PRNewswire/ - Fiera
Comox Partners Inc. ("Fiera Comox"), an affiliate of Fiera Capital
Corporation (TSX: FSZ), is pleased to announce the signing of an
agreement to enter a newly established joint venture with Ngāi Tahu
Holdings ("Ngāi Tahu") relating to Ngāi Tahu's forestry estate on
the West Coast of New Zealand,
South Island. Fiera Comox will acquire an 85% interest in the joint
venture, with Ngāi Tahu retaining a 15% interest.
The estate is situated on approximately 45,500 hectares (110,000
acres) and consists primarily of radiata pine and Douglas fir
plantation forests. The forests are sustainably managed under
a Forest Stewardship Council certification.
For Fiera Comox, the investment marks the initial acquisition by
Fiera Comox's Global Sustainable Timberland Strategy (the
"Timberland Strategy"), which invests in high-quality, private
forests globally. The Timberland Strategy is led by a team of
highly experienced professionals who have acquired over 2 million
acres of timberland in transactions representing several billion
dollars in value. Members of the team also have deep operational
experience having run one of North
America's largest private timberland companies managing over
1.5 million acres, driving significant improvements in safety,
sustainability, and financial performance.
Antoine Bisson-McLernon,
Partner and CEO, Fiera Comox, commented: "We are delighted
to have the opportunity to partner with Ngāi Tahu in one of the
most attractive and globally competitive softwood producing regions
in the world. Our team has had significant success investing and
creating partnerships in New
Zealand, and we look forward to working with our partners at
Ngāi Tahu in generating long-term sustainable value for the joint
venture, West Coast communities, and the Ngāi Tahu people in
recognition of their deep connection to the land."
Jeff Zweig, Partner, Vice
Chair, Head of Natural Capital, Fiera Comox commented: "I'm
very excited to expand our Natural Capital portfolio in a core
region for the Timberland Strategy. We believe that our decades of
operating experience, and our 'boots-on-the-ground' approach, will
supplement the deep expertise of the current management team and
help drive improved sustainability outcomes and meaningful
additional value for investors."
Todd Moyle, Chief Executive,
Ngāi Tahu Holdings, has welcomed the partnership:
"We're looking forward to building a successful long-term
relationship with Fiera Comox, which has an established track
record of working with Indigenous groups in both New Zealand and Canada."
The transaction remains subject to regulatory approvals.
The statements herein are for informational purposes only,
are not an advertisement for, or an offer or solicitation to buy or
sell, any securities or private funds, and should not be relied
upon to make any investment decisions.
About Fiera Comox Partners Inc.
Fiera Comox is a global investment manager that manages private
investment strategies in agriculture, timberland, private equity,
and private credit. As of March 31st, 2024,
Fiera Comox has C$4.0 billion in assets under management.
Fiera Comox has completed more than 80 investments across 7
countries in private assets globally. Established in 2016, Fiera
Comox is jointly owned by Fiera Capital Corporation and the
partners of Fiera Comox. The firm aims to deliver attractive
long-term returns to its investors while preserving capital and
investing responsibly. www.fieracomox.com.
About Fiera Capital Corporation
Fiera Capital is a leading independent asset management firm
with a growing global presence. Fiera Capital delivers customized
and multi-asset solutions across public and private market asset
classes to institutional, financial intermediary and private wealth
clients across North America,
Europe and key markets in
Asia. Fiera Capital's depth of
expertise, diversified investment platform and commitment to
delivering outstanding service are core to our mission of being at
the forefront of investment management science to create
sustainable wealth for clients. Fiera Capital trades under the
ticker FSZ on the Toronto Stock Exchange.
Headquartered in Montreal,
Fiera Capital, with its affiliates in various jurisdictions, has
offices in over a dozen cities around the world, including
New York (U.S.), London (UK), and Hong Kong (SAR).
Each affiliated entity (each an "Affiliate") of Fiera Capital
only provides investment advisory or investment management services
or offers investment funds in the jurisdictions where the Affiliate
is authorized to provide services pursuant to an exemption from
registration and/or the relevant product is registered.
Fiera Capital does not provide investment advice to U.S. clients
or offer investment advisory services in the U.S. In the U.S.,
asset management services are provided by Fiera Capital's
affiliates who are investment advisers that are registered with the
U.S. Securities and Exchange Commission (SEC) (the "SEC") or exempt
from registration. Registration with the SEC does not imply a
certain level of skill or training. For details on the particular
registration of, or exemptions therefrom relied upon by, any Fiera
Capital entity, please consult:
https://www.fieracapital.com/en/registrations-and-exemptions.
Additional information about Fiera Capital, including Fiera
Capital's annual information form, is available on SEDAR+ at
www.sedarplus.ca.
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SOURCE Fiera Comox Partners