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New Deal


Announced

Completed

ADIA, Bain Capital, Flexpoint and Ares to acquire a 20% stake in US wealth unit from CI Financial for $1.34bn.

Financials

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Transaction Value£1,061m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Single Bidder

Friendly

Asset Managers and Custodians

Acquisition

Venture Capital

Cross Border

Private Equity

Minority

Private

United States

wealth management

Synopsis

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ADIA, Bain Capital, Flexpoint and Ares, investors, agreed to acquire a 20% stake in US wealth unit from CI Financial, an investment management firm, for $1.34bn. “This investment from several leading global financial institutions validates our differentiated U.S. wealth management strategy and the considerable success we have achieved in just over three years building and executing on the growth of the business,” Kurt MacAlpine, CI CEO.

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