FDIC's Sales of Failed Banks Leave Private Equity Firms Empty-Handed
The lists of unsuccessful bidders featured some of the names including units of Blackstone Inc., Sixth Street Partners and Apollo Global Management.
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The lists of unsuccessful bidders featured some of the names including units of Blackstone Inc., Sixth Street Partners and Apollo Global Management.
CI Financial will sell a 20% stake in its U.S. wealth management business to a global group of institutional investors.
The sale of a 20% private ownership stake in CI Private Wealth accomplishes the same goals as the planned IPO.
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The small acquisition represents the third deal by Clearstead since it was bought by private equity firm Flexpoint Ford.