Skip to main content

GMP Capital's month-old expansion to Australia is paying dividends as the investment banking firm is now working on a financing and an acquisition down under.

GMP is the underwriter for an $85-million (Australian) fundraising by civil engineering firm Decmil Group Limited. Decmil is using the money to buy half of a trust that's building a resort village, and GMP's bankers are advising on that transaction.

Here at home, GMP has also been busy.

Story continues below advertisement

Even though the mining and energy business has been quiet, GMP has been active advising on financial industry transactions.

Industry sources say the firm advised on the sale this week by Ally Financial Inc. of its Canadian mortgage operations to MCAP. Ally, which operates as ResMor in the Canadian mortgage business, is looking to repatriate capital so it put the business up for auction.

Report an error
Comments are closed

We have closed comments on this story for legal reasons. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at privacy@globeandmail.com.