MONTREAL, Aug. 28, 2025 /CNW/ - Desjardins Group ("Desjardins") announces that it has signed a definitive agreement for a take-private acquisition of Guardian Capital Group Limited ("Guardian") (TSX: GCG) (TSX: GCG.A), a publicly traded global investment management company that serves institutional, retail and private clients through its subsidiaries. This strategic acquisition will mark a significant milestone for Desjardins in strengthening its position in asset management across Canada and internationally. This announcement follows the acquisition of Guardian's life insurance, mutual fund and investment distribution networks, which closed in 2023. Pursuant to the definitive agreement, Desjardins will acquire Guardian for C$68.00 per share in an all-cash transaction valuing Guardian at approximately C$1.67 billion. The transaction is subject to court, shareholders and regulatory approvals, as well as other customary closing conditions. Closing is expected to occur in the first quarter of 2026.
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Desjardins accelerates investment growth by entering into a definitive agreement for the take-private acquisition of Guardian Capital Group Limited, expanding reach across Canada and beyond
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