{"id":100715,"date":"2025-02-14T00:00:00","date_gmt":"2025-02-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-inches-closer-to-a-full-takeover-of-canada-based-ci-financial\/"},"modified":"2025-02-14T00:00:00","modified_gmt":"2025-02-14T00:00:00","slug":"mubadala-inches-closer-to-a-full-takeover-of-canada-based-ci-financial","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/02\/14\/mubadala-inches-closer-to-a-full-takeover-of-canada-based-ci-financial\/","title":{"rendered":"Mubadala inches closer to a full takeover of Canada-based CI Financial"},"content":{"rendered":"

Mubadala to fully takeover CI Financial: <\/strong>The shareholders of Canada-based asset and wealth management firm CI Financial approved a plan that will take the company private in a CAD 4.7 bn (USD 3.4 bn) transaction,<\/a> backed by Mubadala\u2019s asset management unit, Mubadala Capital, it said in a statement to the Toronto Stock Exchange<\/a>. The transaction, which received approval from 99.9% of shareholders, is expected to close in 2Q 2025, pending regulatory approvals. The total agreement, including debt, values CI at CAD 12.1 bn.<\/p>\n

What\u2019s next?<\/strong> CI Financial will remain headquartered in Canada, with CEO Kurt MacAlpine continuing to lead the firm under Mubadala\u2019s long-term investment philosophy. Other senior management members will also roll some of their shares into the private entity.<\/p>\n

ADVISORS- <\/strong>INFOR Financial is the financial advisor to CI\u2019s special committee of independent members of the board, while Wildeboer Dellelce is serving as legal advisor. Stikeman Elliott and Skadden, Arps, Slate, Meagher & Flom are serving as legal advisors to CI, while RBC Capital Markets is also an advisor to CI. Jefferies Securities is Mubadala Capital\u2019s lead financial advisor, with Blake, Cassels & Graydon and Latham & Watkins serving as legal advisors, FGS Longview acting as strategic communications and public affairs advisor, and BMO Capital Markets also acting as advisor.<\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction is valued at CAD 4.7 bn<\/p>\n","protected":false},"author":1,"featured_media":100716,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[7,1344,60,1343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-ma","tag-ma-watch","tag-mubadala","wpautop","entry"],"acf":{"mongo_id":"67471395-023c-4b64-96fe-8e4e670f0ef9","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1231.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala inches closer to a full takeover of Canada-based CI Financial","related_issue":[100708],"teaser":"The transaction is valued at CAD 4.7 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.5a86f4f1-7432-42fe-853f-26a42f968e69.mp3"},"yoast_head":"\nMubadala inches closer to a full takeover of Canada-based CI Financial - 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