CI Financial And Mubadala Capital Complete C$12.1 Billion Take-Private Transaction Enhancing Asset Management Presence
CI Financial Corp. (CI) and Mubadala Capital have announced the completion of CI's acquisition, a move that significantly enhances Mubadala Capital's presence in the asset and wealth management sector. This partnership aims to innovate wealth management services, ensuring capital stewardship across generations, and fostering client wealth growth, preservation, and management.
This strategic acquisition, valued at C$12.1 billion, propels Mubadala Capital into a leading position within the industry, particularly in private wealth management, and signifies a pivotal moment in its expansion efforts. This collaboration is set to open a new chapter for CI, leveraging Mubadala Capital's resources to foster expansion and innovation in the asset and wealth management landscape.
The completion of this transaction on August 12, 2025, marks a new era for both entities, emphasizing Mubadala Capital's commitment to extending its reach and influence across North America.
This acquisition was executed through a statutory plan of arrangement under the Business Corporations Act (Ontario), with Mubadala Capital acquiring all outstanding common shares of CI for C$32.00 per share in cash, excluding Rollover Shares.
This transaction not only values CI's equity at approximately C$4.7 billion but also underscores an enterprise value of about C$12.1 billion. This strategic move solidifies CI's standing as a diversified asset and wealth management powerhouse in North America while significantly bolstering Mubadala Capital's asset management and advisory capabilities.
With the successful closure of this transaction, Mubadala Capital's assets under management, advisory, and administration have surged to over US$430 billion. This includes a diverse portfolio across multiple asset classes and geographies, emphasising alternative investments like private equity, credit, special opportunities in Brazil, among others.
This vast scale showcases Mubadala Capital's ambition to establish a premier asset management platform that integrates high-quality alternative investments with comprehensive wealth management services.
Kurt MacAlpine, CEO of CI, expressed enthusiasm about the new partnership with Mubadala Capital, viewing it as an ideal match that aligns with CI's aspirations and supports its growth trajectory. He highlighted the unique positioning of the partnership to enhance capabilities, drive growth, and generate increased value for clients.
CI's operational autonomy remains intact post-acquisition, with its headquarters staying in Toronto. The company will continue to operate under its existing structure, strategy, brand names, and management team, led by MacAlpine. His decision to roll all of his equity into the ongoing partnership with Mubadala Capital is a testament to the shared vision and commitment to CI's future success.
This transaction not only enhances CI's operational capabilities but also provides it with access to Mubadala Capital's extensive global network and capital resources. This is expected to fast-track CI's strategic initiatives and seize new opportunities in the dynamic asset and wealth management sectors, both in North America and globally.
CI is particularly poised to further the growth of its US subsidiary, Corient, benefiting from Mubadala Capital's support while preserving Corient's distinct private partnership model, a crucial factor in its success.
Hani Barhoush, CEO and managing director of Mubadala Capital, remarked on the alignment between CI Financial's business model and Mubadala Capital's strategic vision. He emphasised the creation of a differentiated platform through the integration of CI's wealth management expertise and client relationships with Mubadala Capital's alternative investment capabilities and global reach.
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