Announced
Financials
Tags
Single Bidder
Majority
Private
United States
wealth management
Pending
Cross Border
Asset Managers and Custodians
Private Equity
Friendly
Acquisition
Synopsis
CI Financial, an independent company offering global wealth management and asset management advisory services, agreed to acquire Merchant Investment-backed Corient Capital Partners, a wealth management firm. Financial terms were not disclosed. “Corient is an exceptional firm with a first-rate, highly dedicated team. Corient’s deep relationships with their clients and commitment to their success have directly contributed to the firm’s tremendous growth, reaching $5bn in assets in just seven years," Kurt MacAlpine, CI CEO.
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