Munro Partners completes GSFM acquisition, deepening relationships with institutional and intermediary channels and strengthening Munro’s Australian distribution capabilities
Ronald Calvert
Australian investment manager Munro Partners has completed its acquisition of GSFM Funds Management Pty Ltd (GSFM) from Munro’s Canadian investment partner CI Global Asset Management (CI GAM), marking a new growth phase in their $9 billion partnership.
The transaction follows approval from Australia’s Foreign Investment Review Board (FIRB), with Munro acquiring funds management business GSFM, which is CI GAM’s Australian fund management business.
Under the agreement, CI GAM, one of Canada’s largest investment management companies, receives an increased minority ownership stake in Munro, further strengthening their long-term partnership.
GSFM’s Australian distribution team and funds management operation have been integrated into Munro, which will continue to distribute GSFM funds.
There are no changes to Munro’s investment management team, investment approach or investment process.
Ronald Calvert, Chief Executive Officer of Munro Partners, said the transaction was a significant milestone that strengthens Munro’s position in the Australian market, allowing us to deepen our support and relationships with advisers and investors.
“The acquisition opens the next chapter of our partnership with CI Global Asset Management, built over many years. The combination of Munro’s investment expertise and GSFM’s established distribution relationships creates an exciting opportunity to strengthen our position in the market.”
Key information:
- Munro will continue to distribute the GSFM funds across their investment partners, including CI GAM.
- CI GAM increases its minority stake in Munro, deepening their strategic alignment and commitment to long-term growth in both Australia and Canada.
- CI GAM will continue to distribute funds sub-advised by Munro in the Canadian market.
