Starlight Capital Completes Acquisition of Stone Investment Group Increasing Its Assets Under Management to Over $1 Billion
Toronto ON – July 7, 2022. Starlight Investments Capital LP (“Starlight Capital”) and Stone Investment Group Limited
(“Stone”) are pleased to announce the completion of the previously announced plan of arrangement (the “Arrangement”)
whereby Starlight Capital, through a wholly-owned subsidiary, acquired all of the issued and outstanding common shares
of Stone (“Stone Shares”). As part of the Arrangement, the successor corporation to Stone has changed its name to
Starlight Capital Corporation and all of the $1,000 principal amount secured debentures (the “Debentures”) previously
issued by Stone were acquired or redeemed. The Arrangement was implemented pursuant to Section 192 of the Canada
Business Corporations Act.
“We are pleased to welcome the Stone employees to Starlight Capital, and we look forward to working together to generate
the same strong investment performance that investors in the Stone funds have enjoyed for many years,” commented
Dennis Mitchell, Chief Executive Officer and Chief Investment Officer of Starlight Capital. ”In addition, this transaction
takes Starlight Capital’s assets over the $1 billion threshold and allows Starlight Capital to partner with our advisor clients
across a broader spectrum of investment solutions.”
Richard Stone, the founder of Stone added, “The combination of Starlight Capital and Stone brings together two very
complementary suites of investment solutions and will ensure our clients continue to enjoy the strong stewardship that a
leading independent asset manager can provide.”
