Canada's CI Financial Gives Closing Date For Go-Private Move

Editorial Staff

30 July 2025

CI Financial, the Canada-based bank that bought a raft of RIAs and other wealth manager firms in recent years, said it expects its go-private move to be wrapped up on or around August 12.

An affiliate of funds managed by Mubadala Capital, an Abu Dhabi-based sovereign wealth fund, is buying CI Financial in one of the most important de-listing moves by a North American bank in recent years.

As reported previously, CI’s go-private deal is for C$4.7 billion, giving the group a C$12.1 billion enterprise value. CI has said it will continue to operate with its current structure and management team and be independent of Mubadala Capital’s other portfolio businesses.

CI’s purchase of a raft of US wealth management businesses – starting in 2020 – has been one of the stand-out stories within North American M&A. Separately, CI’s US wealth management business, now known as Corient, has continued to buy firms. On January 22 this year, it acquired Geller’s multi-family office business, Geller MFO. That deal was also one of the largest that Corient executed.