Alvarez & Marsal Advises on the Acquisition of PI Financial Corp. by NG Holdings Canada Limited

Leading global professional services firm Alvarez & Marsal (A&M) Corporate Finance acted as the exclusive financial advisor to NG Holdings Canada Ltd. (NHCL) on its successful acquisition of PI Financial Corp. (PI) for a total cash investment of over 100 million Canadian dollars.

NHCL is owned by Canadian entrepreneur Mr. Gary Ng, President and CEO of NG Holdings Canada Ltd. PI is a leading, independent Canadian full-service investment dealer employing over 300 people.

A&M Corporate Finance was actively involved as our advisor throughout the acquisition, said Mr. Ng. This is the second transaction that we have completed with A&Ms assistance. The firm serves as a key partner that has been instrumental in our plan to consolidate the independent investment management space. We are extremely pleased with the outcome and appreciate A&Ms market knowledge and the transaction support they brought to this situation.

Hugh Rowan-Legg, Managing Director and Head of A&M Corporate Finance in Canada, added, Were very proud to have worked with Mr. Ng on this second acquisition. A&Ms operational heritage and our roll up our sleeves attitude align with Mr. Ngs rich entrepreneurial history. We look forward to seeing PIs continued growth under his new ownership.

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A&M acted as the exclusive financial advisor to NHCL and worked closely with the management team throughout the transaction.

About Alvarez & Marsal

Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to activate change and achieve results.

Privately held since 1983, A&M is a leading global professional services firm that delivers business performance improvement, turnaround management and advisory services to organizations seeking to transform operations, catapult growth and accelerate results through decisive action. Our senior professionals are experienced operators, world-class consultants and industry veterans who leverage the firm’s restructuring heritage to help leaders turn change into a strategic business asset, manage risk and unlock value at every stage.

To learn more visit: alvarezandmarsal.com. Follow A&M on LinkedInTwitter and Facebook.

About Mr. Gary Ng/NG Holdings Canada Ltd.

Gary Ng is a Canadian entrepreneur and the owner and CEO of NG Holdings Canada Ltd. Mr. Ng co-founded Chippingham Financial Group and is the majority owner of the Rothenberg Group of Companies, which he acquired in 2018. Mr. Ng now serves as the Executive Chairman of PI Financial Corp. and is a member of the firms Executive Committee and Board of Directors. He started his career in the financial services industry as a futures trader and progressively expanded his licenses to include equity and options trading and insurance, becoming a top trader and producer at a national investment dealer. Mr. Ngs early career experience included successful entrepreneurial ventures in telecommunications, contract manufacturing and real estate. Mr. Ng was born and raised in Winnipeg and is a graduate of the University of Manitoba with degrees in commerce and science.

About PI Financial Corp.

PI Financial Corp. is an independent, Western Canadian-based, full-service investment dealer, providing a wide range of investment products and services to individual, corporate and institutional investors. It is also one of Canadas top investment banks for small to mid-cap Canadian companies and has expertise in the resource, technology, industrial products, transportation, healthcare and consumer discretionary sectors.

Founded in 1982, PI started with only eight employees and a commitment to serving the best interests of its clients. Today it advises more than 50,000 clients and with over 300 employees in its 16 offices across Canada.

Kelsey Eidbo, 415-732-7804
Infinite Global

Sandra
Sokoloff, Senior Director of Global Public Relations
Alvarez &
Marsal, 212-763-9853