Acquisition(s)

 
TIDMCCI 
 
Canaccord announces acquisition of Intelli 
 
    Results in launch of Canaccord Office in Scotland 
 
    LONDON, Sept. 23 /CNW/ - Canaccord Adams Limited ("Canaccord"), the UK 
investment bank and wholly owned subsidiary of Canaccord Capital Inc., is 
pleased to announce that it has agreed with Midas Capital Plc to acquire 
Intelli Partners Limited and its wholly owned subsidiary, Intelli Corporate 
Finance Limited (together, "Intelli"), a corporate advisory and broking 
boutique focused on investment companies and the asset management sector. This 
transaction is expected to close on or around 1 October 2009. 
    "We are delighted to add the Intelli team to our established financials 
and investment trust group," said Tim Hoare, CEO of Canaccord Adams Limited. 
"The acquisition of Intelli provides our exceptional investment trust, sales 
and trading team with the primary product as well as a solid platform for our 
expansion strategy in Scotland." 
    With offices in Edinburgh and London, Intelli is currently the retained 
financial adviser for 16 investment companies and over the last decade has 
been involved in over 150 transactions in the investment company and asset 
management sectors. 
    The acquisition of Intelli will complement Canaccord's already strong 
secondary business in the investment company sector. Following the recruitment 
of Angelo Sofocleous and the Investment trust team from Panmure Gordon in 2007 
and the General Financials team, led by Mike Cuthbert, from Landsbanki in 
2008, the origination and advisory services of Intelli consolidates 
Canaccord's position as one of the leading investment banks in these sectors. 
    Gordon Neilly, CEO of Intelli commented, "We believe that the strength of 
Canaccord's market operations will bring significant benefits to our clients 
in both the investment company and general financial sectors. We are therefore 
delighted to be joining Canaccord and have been impressed by its commitment to 
build a leading presence across a range of sectors." 
 
    ABOUT CANACCORD CAPITAL INC.: 
 
    Through its principal subsidiaries, Canaccord Capital Inc. (TSX & AIM: 
CCI) is a leading independent, full-service investment dealer in Canada with 
capital markets operations in the United Kingdom and the United States. 
Canaccord is publicly traded on both the Toronto Stock Exchange and AIM, a 
market operated by the London Stock Exchange. Canaccord has operations in two 
of the principal segments of the securities industry: capital markets and 
private client services. Together, these operations offer a wide range of 
complementary investment products, brokerage services and investment banking 
services to Canaccord's private, institutional and corporate clients. 
Canaccord has 31 offices worldwide, including 24 Private Client Services 
offices located across Canada. Canaccord Adams, the international capital 
markets division, has operations in Toronto, London, Boston, Vancouver, New 
York, Calgary, Montreal, San Francisco, Houston, and Barbados. 
 
 
For further information: North America Media: Scott Davidson, Managing 
Director, Global Head of Marketing & Communications, Phone: [phone], 
email: scott_davidson(at)canaccord.com; For investor relations inquiries 
contact: Joy Fenney, Vice President, Investor Relations & Communications, 
Phone: [phone], email: joy_fenney(at)canaccord.com; London Media: Bobby 
Morse or Ben Willey, Buchanan Communications (London), Phone: [phone] 
5000, email: bobbym(at)buchanan.uk.com; Scottish Media: Carrie Clement, 
Buchanan Communications (Edinburgh), Phone: [phone], email: 
carriec(at)buchanan.uk.com; Nominated Adviser and Broker: Marc Milmo or Jonny 
Franklin-Adams, Fox-Pitt, Kelton Limited, Phone: [phone], email: 
marc.milmo(at)fpk.com 
(CCI.) 
 
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