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New Deal


Announced

CI Financial to acquire McCutchen Group.

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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United States

Majority

Single Bidder

investment advisor

Pending

Cross Border

Asset Managers and Custodians

Acquisition

Private

Friendly

financial advisory

Synopsis

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CI Financial, an asset manager, agreed to acquire McCutchen Group, a financial advisor and asset manager. Financial terms were not disclosed. “CI is an ideal partner for us and our clients, given the strong alignment of culture and values and its commitment to a client-focused model. Working with CI will allow us to expand and enhance the services we offer our clients while preserving the advisory model that our clients value," Matt McCutchen, McCutchen Group Founder and CEO.

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