“This transaction, with its significant cash premium, represents an exceptional outcome for CI shareholders,” Butt said. “It also provides long-term capital to underpin the building of a Canadian champion in the wealth and asset management industries.”
CI Financial’s U.S. operations, branded as Corient, will remain independent and retain their identity post-acquisition. The company will also preserve its Canadian headquarters and current leadership structure, operating independently from Mubadala Capital’s portfolio.
Mubadala Capital’s CEO, Hani Barhoush, expressed confidence in CI Financial’s future under the new partnership. “We are fully aligned with the strategy and direction of the firm and look forward to working with the CI management team to continue to build this outstanding business.”
Closing Timeline and Market Impact
The deal is set to close in the second quarter of 2025, pending court approvals, regulatory clearances, and other customary conditions. Upon completion, CI Financial will delist from the Toronto Stock Exchange, marking a significant shift in its corporate trajectory.
