“If you look at the business divisions that we want to keep going forward, corporate markets division and our current business have a good overlap,” Proud said. “The products they sell have use cases for our clients … so really, it’s doing more for our customers.”
The company in a release said that the deal will be financed through $3.25 billion in debt with Goldman Sachs, Ares and J.P. Morgan financing acting as combined lead arrangers. $841 million in preferred shares will be issued to Ares and up to $109 million in common shares will be issued at a price of $53.00 each.
Proud said that these were markets that the company already has strong presence in, making Link Group a “natural addition.” Dye & Durham has roughly half of its revenue coming from Canada with 33 per cent sourced from the U.K. and the remaining 17 per cent from Australia.Article content