Canada $1 Trillion Brookfield Asset Management & $6 Billion Birch Hill Equity Partners to Buy Canada Mortgage Company First National Financial Corp for $2.1 Billion (CAD 2.9 Billion) in All-Cash Deal Representing +15.2% Premium to 30-Day Volume Weighted Average Trading Price (25/7/25), First National Financial Has $155 Billion in Mortgages, First National Financial Founded in 1988 by Stephen Smith (Current 37.4% Shareholding) & Moray Tawse (34% Shareholding) Who Will Each Own 19% Shareholding (Total 38%) Post-Transaction with Brookfield & Birch Hill Owning 62%
31st July | Hong Kong
Canada Brookfield Asset Management ($1 trillion AUM) & Birch Hill Equity Partners ($6 billion AUM) have announced to buy Canada mortgage company First National Financial Corp for $2.1 billion (CAD 2.9 billion) in all-cash deal, representing +15.2% premium to 30-day Volume Weighted Average Trading Price (25/7/25). First National Financial has $155 billion in mortgages. First National Financial was founded in 1988 by Stephen Smith (current 37.4% shareholding) & Moray Tawse (34% shareholding), who will each own 19% shareholding (Total 38%) post-transaction with Brookfield & Birch Hill owning 62%. First National Financial Corporation – First National Financial Corporation is the parent company of First National Financial LP, a Canadian-based originator, underwriter and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages. With more than $155 billion in mortgages under administration, First National is one of Canada’s largest non-bank mortgage originators and underwriters. Birch Hill – Birch Hill is a Canadian mid-market private equity firm with a long history of driving growth in its portfolio companies and delivering returns to its investors. Based in Toronto, Birch Hill currently has over $6 billion in capital under management. Since 1994, the firm has made 73 investments, with 59 fully realized. Today, Birch Hill’s 14 partner companies collectively represent one of Canada’s largest corporate entities with over $8 billion in total revenue and more than 40,000 employees. Brookfield Asset Management – Brookfield Asset Management (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with over US$1 trillion of assets under management. Brookfield invests client capital for the long term with a focus on real assets and essential service businesses that form the backbone of the global economy. Brookfield offers a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Brookfield’s private equity business, which manages over US$145 billion of assets under management, focuses on driving operational transformation in businesses providing essential products and services.
“ Canada $1 Trillion Brookfield Asset Management & $6 Billion Birch Hill Equity Partners to Buy Canada Mortgage Company First National Financial Corp for $2.1 Billion (CAD 2.9 Billion) in All-Cash Deal Representing +15.2% Premium to 30-Day Volume Weighted Average Trading Price (25/7/25), First National Financial Has $155 Billion in Mortgages, First National Financial Founded in 1988 by Stephen Smith (Current 37.4% Shareholding) & Moray Tawse (34% Shareholding) Who Will Each Own 19% Shareholding (Total 38%) Post-Transaction with Brookfield & Birch Hill Owning 62% “
Canada $1 Trillion Brookfield Asset Management & $6 Billion Birch Hill Equity Partners to Buy Canada Mortgage Company First National Financial Corp for $2.1 Billion (CAD 2.9 Billion) in All-Cash Deal Representing +15.2% Premium to 30-Day Volume Weighted Average Trading Price (25/7/25), First National Financial Has $155 Billion in Mortgages, First National Financial Founded in 1988 by Stephen Smith (Current 37.4% Shareholding) & Moray Tawse (34% Shareholding) Who Will Each Own 19% Shareholding (Total 38%) Post-Transaction with Brookfield & Birch Hill Owning 62%

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