Analysts downgrade CI Financial as they digest $1.34-billion deal
Three have concluded that the financing deal for its U.S. wealth platform announced last week will be more costly than initially believed
Source: theglobeandmail.com
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CI Financial's capital infusion comes at high cost for U.S. division
Debt-heavy CI sold preferred shares that represent a 20-per-cent interest in its U.S. wealth management business to a group of investors that includes Bain Capital, Ares Management and an arm of the Abu Dhabi Investment Authority
Source: theglobeandmail.com
CI Financial Announces pre-IPO Minority Investment in its U.S. Wealth Management Business from Leading Global Institutional Investors
Investment in U.S. business at a $6.7 billion equity value, ~3x CI’s current market cap $7.1 billion U.S. business enterprise value, 25.6x CI US Q1’23 annualized Adjusted... | May 11, 2023
Source: marketscreener.com
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Market movers: Stocks seeing action on Thursday - and why
A look at North American equities heading in both directions
Source: theglobeandmail.com
CI Financial Reports Financial Results for the First Quarter of 2023
Diluted EPS of $0.16, adjusted EPS1 of $0.74 EBITDA of $148.3 million, adjusted EBITDA1 of $250.1 million Operating cash flow of $145.6 million, free cash flow1 of $155.1 million Total... | May 11, 2023
Source: marketscreener.com