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
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