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New Deal


Announced

CI Financial to acquire Brightworth from Emigrant Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Asset Managers and Custodians

Cross Border

Acquisition

United States

Majority

Pending

Private Equity

Private

investment advisor

asset and wealth management

Single Bidder

Friendly

Synopsis

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CI Financial, a diversified global asset and wealth management company, agreed to acquire Brightworth, a registered investment advisor, from private equity firm Emigrant Partners. Financial terms were not disclosed. "They have built an exceptional firm based on a comprehensive, multi-generational approach to wealth planning combined with outstanding service. Additionally, they have developed expert teams offering highly tailored services to affluent client segments such as executives, business owners and dentists," Kurt MacAlpine, CI CEO.

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