Partners Value Investments Completes Amalgamation
Deal News | Apr 01, 2025 | Globenewswire
Partners Value Investments L.P. and Partners Value Investments Inc. have successfully completed an amalgamation under the Business Corporations Act (Ontario). The amalgamation resulted in the cancellation of 5,640,600 non-voting exchangeable shares previously held by Partners IV Inc, a subsidiary of PVII. Additionally, 2,749,429 new exchangeable shares were issued to the former holders of non-voting common shares in Partners IV. The new structure sees Cyrus Madon appointed as CEO of both PVII and PVMT, with a reshuffling of the board members involving new directors joining PVII's Board subject to acceptance by the TSX Venture Exchange. This marks a significant reorganization for the company as it consolidates its operations.
Sectors
- Financial Services
- Corporate Governance
Geography
- Canada – The amalgamation is conducted under the Business Corporations Act (Ontario), indicating that the primary geographical focus is Canada.
Industry
- Financial Services – The amalgamation involves investment entities and changes in corporate governance within an investment firm, which falls under financial services.
- Corporate Governance – The article details significant changes in the management and board structure of an investment firm, relevant to corporate governance.
Financials
- 5,640,600 – The number of non-voting exchangeable shares of PVII canceled as part of the amalgamation.
- 2,749,429 – The number of new exchangeable shares issued to former shareholders of non-voting common shares in Partners IV.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Partners Value Investments L.P. | The Partnership/Amalgamated Entity | Company | A limited partnership engaged in investment activities. |
| Partners Value Investments Inc. | Amalgamating Company | Company | Operates with the goal to invest in various securities. |
| Partners IV Inc. | Wholly-owned Subsidiary prior to Amalgamation | Company | A subsidiary of PVII involved in the amalgamation. |
| Cyrus Madon | New CEO | Person | Appointed as Chief Executive Officer of PVII and PVMT. |
| TSX Venture Exchange | Regulatory Body | Other | Provides conditional acceptance and oversight for corporate changes in Canada. |