On July 2, 2025, the shareholders of Marret Asset Management Inc., a Toronto-based fixed income manager focused on corporate credit strategies, entered into a series of transactions with CI Financial and Mount Logan Capital Inc. (“MLC”), pursuant to which CI Financial acquired all of the issued and outstanding shares of Marrett in exchange for cash consideration and share consideration of MLC. The transaction occurred in tandem with the proposed all-stock merger between MLC and 180 Degree Capital Corp, a NASDAQ-listed asset management firm.
Cassels acted for certain shareholders of Marret.