Abu Dhabi's Mubadala Capital to Take CI Financial Private

Abu Dhabi’s Mubadala Capital to Take CI Financial Private in $3.4 Billion Deal
(Bloomberg) -- 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. Shareholders of ...
CI Financial agrees to take-private deal valuing firm at $8.7B
The financial giant once known for its aggressive US acquisition strategy is now being snapped up by a Middle Eastern sovereign wealth manager.
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.
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.
Mubadala Capital to take Canada’s CI Financial private in $3.34 billon deal
Shareholders to receive CAD32 in cash per share, representing a premium of 33% over the last closing price; Stock jumps 30%
Mubadala Capital to Take Canada's CI Financial Private in C$4.7B Deal
Mubadala Capital, the asset-management unit of the sovereign wealth fund, struck a definitive agreement to buy CI's for a cash consideration equal to C$32 a share, which marks a 33% premium to the last closing price. CI said the deal to take it private implies an enterprise value of close to C$12.1 billion.
Mubadala Capital to Take CI Financial Private via Premium, All-Cash Offer
TORONTO--CI Financial has entered into an agreement with Mubadala Capital to take CI private; transaction implies an enterprise value of about C$12 billion.
UAE's Mubadala to take Canada's CI Financial private in $3.4bn deal
Canadian investment management company CI Financial Corp. is being privatized by Mubadala Capital - the alternative asset arm of a Middle Eastern sovereign wealth fund Mubadala Investment Company - in a deal that values Canada's largest independent asset manager at C$4.7 billion ($3.4 billion).
Abu Dhabi's Mubadala Capital to Take CI Financial Private
The all-cash deal values Canadian asset manager CI Financial, including its U.S. wealth business, at nearly $8.7 billion.
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’s $8.7bn bid to privatise CI Financial
Mubadala Capital, the Abu Dhabi-based alternative asset manager, has made an all-cash offer of C$12.1 billion ($8.66 billion) to privatise CI Financial, a Canadian asset and wealth manager. As part of the agreement,
Abu Dhabi Sovereign Wealth Affiliate to Take CI Financial Private
Wealth and asset management company CI Financial has agreed to sell itself to Mubadala Capital, a unit of an Abu Dhabi ...
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Mubadala seals deal to take Canada’s CI Financial private
An affiliate of UAE’s Mubadala Capital has entered a deal to acquire Canadian asset and wealth management company CI ...
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Abu Dhabi’s Mubadala to Take CI Financial Private in $3.4B Deal
(Bloomberg) -- Canadian mutual fund manager CI Financial Corp. plans to go private in a C$4.7 billion ($3.4 billion) deal ...