CI Financial Mubadala Capital to Take CI Financial Private via …
Nov 25, 2024 · Holders of outstanding shares of preferred equity in CI’s subsidiary, Corient Holdings Inc., have agreed to waive and amend certain liquidity and other rights in connection with the transaction through the closing of the transaction.
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CI Financial signs $4.7B deal to be taken private by Mubadala …
Nov 25, 2024 · Another Canadian company is going private after a sovereign wealth fund of the United Arab Emirates reached a $4.7-billion deal to buy CI Financial Corp. Under the transaction, Mubadala Capital, the alternative asset management arm of UAE-owned Mubadala Investment Co., will pay $32 per share in cash for the firm.
News Details - CI Financial
May 11, 2023 · TORONTO & MIAMI-- (BUSINESS WIRE)-- CI Financial Corp. (“CI”) (TSX: CIX) announced today that it has agreed to sell a 20% minority investment in its U.S. wealth management business (“CI US”) to a diversified group of leading institutional investors, including a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Bain Capital, F...
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CI Financial CI Financial Reports Financial Results for the First ...
TORONTO--(BUSINESS WIRE)-- CI Financial Corp. (“CI”) (TSX: CIX) today released financial results for the quarter ended March 31, 2024. “CI’s first quarter was marked by robust growth, with total assets reaching a new high of $474.2 billion, a gain of $29.4 billion for the period,” said Kurt MacAlpine, CI Chief Executive Officer.
CI Financial sale: The writing was on the wall, sources say
Nov 25, 2024 · CI Financial Corp.’s sale for close to $8.7 billion to a sovereign wealth fund took some registered investment advisor market watchers by surprise Monday morning, while others said the sale of CI...
CI Financial is going private - Investment Executive
Nov 25, 2024 · CI Financial Corp. has entered an agreement with Abu Dhabi-based Mubadala Capital to go private. The deal values CI’s equity at roughly $4.7 billion, which implies an enterprise value of $12.1 billion.
CI Financial downgraded to Underperform from Outperform at …
1 day ago · Raymond James double downgraded CI Financial (CIXXF) to Underperform from Outperform with a C$32 price target The firm cites the diminishing return of the stock price to the C$32.00 acquisition ...
CI Financial Rebrands U.S. Wealth Business
Aug 1, 2023 · CI Financial, the Canadian asset management firm that has been on a multi-year acquisition streak of U.S.-based registered investment advisors, has rebranded its U.S. wealth business, CI...