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New Deal


Announced

CI Financial to acquire Merchant Investment-backed Corient Capital 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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Single Bidder

Majority

Private

United States

wealth management

Pending

Cross Border

Asset Managers and Custodians

Private Equity

Friendly

Acquisition

Synopsis

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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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