Mergers and Acquisitions

Monex Group in its acquisition of 3iQ Digital Holdings Inc.

Monex Group Inc
Key Contact
Terence W. Doherty

Partner, Corporate, New York

Team
Brian Gray

Partner, Corporate, Toronto

Bradley Lastman

Associate, Corporate, Toronto

Shira Dveris

Associate, Corporate, Toronto

Jessica Redmond

Associate, Corporate, Toronto

Lynne Lacoursière

Partner, Corporate, Toronto

Kelly O’Ferrall

Partner, Employment and Labour, Ottawa

Diana Yeung

Associate, Corporate, Executive Compensation, Toronto

Tara Hristov

Employment & Labour Lawyer, Osler Works – Transactional, Ottawa

Jack Silverson

Partner, Tax, Toronto

Alison Hayman

Partner, Intellectual Property, Toronto

Rod Davidge

Partner, Real Estate, Toronto

Dakota Secours

Associate, Real Estate, Toronto

Adam LaRoche

Associate, Privacy and Data Management; Employment and Labour, Calgary

Ted Liu

Partner, Technology, Toronto

On April 24, 2024, Monex Group, Inc. acquired the majority stake of Canadian digital asset fund manager, 3iQ Digital Holdings Inc. for an aggregate purchase price of approximately US$46 million.  

This acquisition will strengthen Monex’s asset management capabilities and help achieve growth through the capture of institutional crypto asset management investors.

Monex Group is a leading Japanese financial services group that provides online brokerage, crypto exchange, and asset management services globally.

Osler, Hoskin & Harcourt LLP advised Monex Group with a team consisting of Terence Doherty, Brian Gray, Bradley Lastman, Shira Dveris, Jessica Redmond, Sheri Wang (Corporate), Lynne Lacoursiere, Kelly O’Ferrall, Diana Yeung, Tara Hristov (Executive Compensation & Employment), Jack Silverson (Tax), Alison Hayman (Intellectual Property), Rod Davidge, Dakota Secours (Real Estate), Adam Laroche (Privacy) and Ted Liu (Technology).

Value
US$46 million
Date Announced
Apr 24, 2024
Lead Office
New York
Key Contact
Terence W. Doherty

Partner, Corporate, New York

Team
Brian Gray

Partner, Corporate, Toronto

Bradley Lastman

Associate, Corporate, Toronto

Shira Dveris

Associate, Corporate, Toronto

Jessica Redmond

Associate, Corporate, Toronto

Lynne Lacoursière

Partner, Corporate, Toronto

Kelly O’Ferrall

Partner, Employment and Labour, Ottawa

Diana Yeung

Associate, Corporate, Executive Compensation, Toronto

Tara Hristov

Employment & Labour Lawyer, Osler Works – Transactional, Ottawa

Jack Silverson

Partner, Tax, Toronto

Alison Hayman

Partner, Intellectual Property, Toronto

Rod Davidge

Partner, Real Estate, Toronto

Dakota Secours

Associate, Real Estate, Toronto

Adam LaRoche

Associate, Privacy and Data Management; Employment and Labour, Calgary

Ted Liu

Partner, Technology, Toronto