Announced
Completed
Financials
Tags
Completed
Single Bidder
Friendly
Asset Managers and Custodians
Acquisition
Venture Capital
Cross Border
Private Equity
Minority
Private
United States
wealth management
Synopsis
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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