Bain, Abu Dhabi Buy Stake in CI Financial's U.S. Wealth Unit
CI also named Ares Management Corp. and the state of Wisconsin as members of the investor group.
Source: themiddlemarket.com
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Bain, Abu Dhabi purchase 20% stake in CI Financial's US wealth unit
Bain and Abu Dhabi are among the investors buying a 20% stake in CI Financial Corp.'s U.S. wealth management unit.
Source: investmentnews.com
CI Financial sells $1 bln minority stake in US wealth management arm
CI Financial Corp will sell a 20% stake in its U.S. wealth management arm to Bain Capital LP and other investors for C$1.34 billion , the Canadian asset manager said on Thursday, pausing efforts... | May 11, 2023
Source: marketscreener.com
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CI Financial selling stake in U.S. wealth business to pay down debt, shares soar
Group of institutional investors to pay $1.34-billion for minority investment
Source: theglobeandmail.com
Bain, Abu Dhabi buy stake in CI Financial's U.S. wealth unit
The $1 billion cash injection gives the business an enterprise value of about $5.3 billion.
Source: financial-planning.com