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What will be CI Financial's primary business focus by end of 2025?
2
Resolution / Starting Odds
Product manufacturing • 25%
US-based RIA acquisitions • 25%
Diversified financial services • 25%
Other • 25%
CI Financial's business strategy announcements, industry analysis reports
Story
CI Financial to Go Private in Mubadala-Backed C$12.1 Billion Deal Amid Conflicting Valuations
Nov 25, 2024, 03:10 PM
Canadian mutual fund manager CI Financial is set to be taken private in a deal backed by Abu Dhabi’s Mubadala Capital. The transaction is valued at approximately C$12.1 billion. The deal is part of CI Financial's strategy to pivot from product manufacturing to acquiring US-based RIAs. The privatization move, valued at $3.4 billion, $8.7 billion, and C$4.7 billion in various reports, is seen as a significant shift in the company's operational strategy.
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