CI Financial to Go Private in Deal With Abu Dhabi Sovereign Wealth Affiliate
CI Financial Corp., a diversified global asset and wealth manager based in Toronto, has entered into a definitive agreement with an affiliate of alternative asset manager Mubadala Capital to take CI private.
Mubadala to take Canada's CI Financial private in about $8.7 billion deal
Mubadala Capital, Abu Dhabi's sovereign wealth fund, will take CI Financial private in a C$12.1 billion ($8.66 billion) all-cash deal, including debt, the Canadian asset and wealth manager said on Monday.
Abu Dhabi’s Mubadala Capital to Take CI Financial Private in $3.4 Billion Deal
Canadian mutual fund manager CI Financial Corp. plans to go private in a C$4.7 billion ($3.4 billion) deal backed by Mubadala Capital, one of the largest-ever privatizations by an Abu Dhabi entity in the financial sector.
Mubadala Capital agrees C$12.1bn deal for Canadian asset manager CI Financial
An arm of Abu Dhabi’s state investment fund is buying Canadian asset manager CI Financial in one of the largest direct investments into North America by energy-rich Middle Eastern buyers as they increase their investment plans in the region.
CI Financial Shares Soar With C$4.7B Deal to Be Taken Private by Mubadala Capital
In morning trading, the shares were 30% higher at C$31.25. The shares have now more than doubled in 2024. Mubadala Capital reached a definitive agreement to buy the Canadian company for a cash consideration equal to C$32 a share,
Mubadala Capital to take Canada’s CI Financial private in $8.7bn deal
Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund Mubadala Investment Company, is taking CI Financial private in an all-cash deal that gives the Canadian asset management firm an enterprise valuation of 12.
UAE's Mubadala agrees to take CI Financial private in $8.7B deal
CI Financial (OTCPK:CIXXF) entered an agreement to be acquired by an affiliate of Mubadala Capital in deal that implies an enterprise value of ~C$12.1B (US $8.67B), the company said on Monday. Shareholders will get C$32.
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