CI Financial Minority Investment U.S. Wealth Management 2023

CI Financial announced a pre-IPO investment transaction selling a 20% minority stake in its U.S. Wealth Management business to institutional investors including ADIA, Bain Capital, and Ares Management for C$1.34 billion, valuing the subsidiary at C$6.7 billion. The transaction aims to unlock value for shareholders and deleverage CI Financial through strategic capital deployment.