Overview

• Mubadala Capital, the alternative asset arm of Abu Dhabi's sovereign wealth fund, will acquire CI Financial for C$32 per share, valuing the company at C$4.7 billion.
• The deal represents a 33% premium to CI Financial's last closing price and an enterprise value of approximately C$12.1 billion.
• CI Financial will retain its current management team and structure, with CEO Kurt MacAlpine and other executives expected to roll their equity into the privatized company.
• The acquisition aligns with Mubadala's strategy to support CI's U.S. wealth management expansion under Corient Holdings, which has grown to manage $251 billion in assets.
• The transaction is subject to shareholder, court, and regulatory approvals, with an expected closing in the second quarter of 2025.