Bain, Abu Dhabi Buy Stake in CI Financial's US Wealth Unit
The deal allows CI Financial to pay down some of the debt it accumulated when it acquired dozens of wealth management offices across the US.
Source: wealthmanagement.com
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Bain, Abu Dhabi buy stake in CI Financial's US wealth unit
CI’s net leverage ratio will fall to 2.7 times from 4 times, the company said
Source: gulfnews.com
Institutional investors to take 20% stake in CI Financial's U.S. wealth management business
CI Financial will sell a 20% stake in its U.S. wealth management business to a global group of institutional investors.
Source: pionline.com
CI Financial sells 20% stake in U.S. business | Investment Executive
Proceeds of $1.34-billion deal will pay down debt
United States Kurt Macalpine Avalon Advisors Congress Wealth Management Boston Based Congress Wealth Management
Source: investmentexecutive.com
CI equity sale seen endorsement of higher wealth management valuations
The sale of a 20% private ownership stake in CI Private Wealth accomplishes the same goals as the planned IPO.
Source: investmentnews.com
CI Financial sells 20% stake in U.S. business
Proceeds of $1.34-billion deal will pay down debt
United States Kurt Macalpine Congress Wealth Management Avalon Advisors Boston Based Congress Wealth Management
Source: advisor.ca
S&P cuts CI Financial's credit rating to junk
Following CI's request to withdraw coverage, S&P dropped its rating for the asset manager
Source: advisor.ca
S&P cuts CI Financial's credit rating to junk | Investment Executive
Following CI's request to withdraw coverage, S&P dropped its rating for the asset manager
Source: investmentexecutive.com
CI Financial cut to junk after asking S&P to suspend ratings
The downgrade shows rising concern about CI's debt, much of it incurred to pay for acquisitions of U.S. registered investment advisory firms.
Ethan Kaye Kurt Macalpine Mckinsey Co Congress Wealth Management Moody Investors Service Boston Based Congress Wealth Management
Source: financial-planning.com
CI Financial cut to junk by S&P before firm drops coverage
CI Financial Corp was cut to junk by S+P Global Ratings before the credit firm withdrew its ratings at the asset manager’s request. Read on.
Source: financialpost.com