NCP Northland Capital Partners Inc.

NCP Northland Capital Partners Inc.

October 15, 2010 11:30 ET

NCP Northland Capital Partners Inc. ("Northland CP" or the "Company") Acquisition of Astaire Securities Plc

TORONTO, ONTARIO--(Marketwire - Oct. 15, 2010) - NCP Northland Capital Partners Inc., the Canada-based Investment Dealer, announces that Sandfire Capital Inc., its parent company, has agreed to purchase Astaire Securities Plc (the "Acquired Business") from Astaire Group plc. The Acquired Business will be renamed.

Northland CP is a member of the Toronto Stock Exchange, the TSX Venture Exchange and the Investment Industry Regulatory Organization of Canada. The Company, which employs approximately 60 staff, is one of the fastest growing financial services businesses in Canada with offices in Toronto and in Vancouver. Northland CP is focused on providing execution in sales and trading, corporate finance and value-added research. During the last twelve months (from 2 November 2009 to 14 September 2010), the Company has raised directly or in syndication over CDN$1 billion in 24 transactions for corporate clients. Northland CP's sector expertise includes metals and mining, clean technology, life sciences, telecommunications and media, technology and industrials and infrastructure.

The Acquired Business acts as Adviser and/or Broker to over 40 clients and comprises an established corporate finance team, research, sales and corporate broking and trading. Over the last year, it has been particularly active in the oil and gas, mining, cleantech and TMT sectors. These sectors complement those of Northland CP. The Acquired Business is also active in a number of other industry markets.

The Financial Services Authority has granted permissions in respect of the change of control. The Acquired Business remains a Nominated Adviser pending the London Stock Exchange's consideration of continuing eligibility following the change of control.

Brian Bapty, CEO of NCP Northland Capital Partners Inc., said: "We are excited to work with additional entrepreneurial, client dedicated, partners as a result of this acquisition. The existing team has extensive experience and knowledge of the European market and shares our desire to provide clients with added global perspective. This acquisition is consistent with our desire to build an international securities business capable of meeting client requirements for international trade execution, global diversified research coverage while maximising corporate issuer access to buy side clients."

Stuart Lane, who will shortly be appointed as Executive Chairman of the acquired business, said: "Being part of a well capitalised global financial services business will enable us to provide a comprehensive service to our clients. Companies are looking for their advisers to provide an international perspective and we are now strongly positioned to deliver that service. We already have in place a strong and committed team who look forward to adding their own expertise and enthusiasm to that of our new colleagues at Northland CP.

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