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Cormark Securities Mergers & Acquisitions

Cormark Securities M&A Summary

Cormark Securities has acquired 1 company, including 1 in the last 5 years. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2020, when it sold People to Goldman Sachs Merchant Banking for $859M. The Company’s most targeted sectors include business services (100%).

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Cormark Securities, Inc.

Royal Bank Plaza, North Tower 200 Bay Street, Suite 1800 P.O. Box 63,
Toronto, Ontario M5J 2J2
Canada,
(416) 362-7485
www.cormark.com

All (2) Buy (1) Sell (1)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2020-12-14 People · Business Services
Winnipeg, Manitoba · www.peoplecorporation.com

People is a provider of group benefits, group retirement and human resources consulting products and services to companies across Canada. The company is bringing together leading consultants in the industry, offering innovative and customized solutions to thousands of clients across a broad range of industries. It delivers employee benefits consulting, third party benefits administration, pension consulting, human resources consulting and executive search and staff recruitment services through 35 offices and satellite offices in nine provinces across Canada, each of which is led by a team of experts familiar with the local market, and supported by the resources of a public company with a national footprint. People was founded in 2006 and is based in Winnipeg, Manitoba.

Revenue (mlns) 211 CAD
EBITDA (mlns) 57 CAD
Advisors: CIBC Capital Markets , Stikeman Elliott , William Blair 		859
19.8x EBITDA
5.4x REVENUE 		Going Private

Goldman Sachs Merchant Banking PE
Advisors: BMO Capital Markets , Goldman Sachs , Osler , Sullivan & Cromwell

Cormark Securities, Inc.


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