Navigator Global Takes Minority Stake in Canadian AI Growth Equity Firm With $100 Million Investment

MT Newswires Live03-30

Navigator Global Investments (ASX:NGI) agreed to invest $100 million in Georgian in return for a 4.5% stake and a preferred economic interest in the Canadian AI-focused growth equity firm, according to a Monday filing with the Australian bourse.

The company said $5 million was due at the deal's closing on March 28, while the remaining $95 million will be paid over three years. Georgian will use the proceeds for growth initiatives, and Navigator Global will acquire the rights to certain minimum return hurdles "over time."

The deal is EPS accretive for Navigator shareholders and gives the company more AI-related investment opportunities, it said.

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