Stanley To Acquire Solium Capital In C$1.1 Bln Cash Deal – Quick Facts

Morgan Stanley (MS) announced Monday it agreed to acquire Solium Capital Inc. (SUM.TO) to create an industry leader in workplace wealth solutions and stock plan administration services. Solium is a provider of software-as-a-service (SaaS) for equity administration, financial reporting and compliance.

The deal brings together a major stock plan administration platform with a leading Wealth Management business.

Morgan Stanley will acquire all of the issued and outstanding common shares of Solium for C$19.15 per share in cash, representing a total equity value of about C$1.1 billion or $0.9 billion. The transaction is expected to have a minimal impact on the Firm’s earnings and capital ratios.

Previously, Morgan Stanley entered into a partnership with Solium in 2016 to administer equity compensation plans for Morgan Stanley’s corporate clients and their employee.

Marcos Lopez, CEO of Solium, will remain with the company and be based in Calgary.

The transaction is expected to close in the second quarter of 2019, subject to court, Solium shareholder and regulatory approvals, and other customary closing conditions.

Davis Polk & Wardwell LLP and Osler, Hoskin & Harcourt LLP are serving as legal advisors to Morgan Stanley in connection with the transaction.

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