CI Financial Corp and Mubadala Capital Complete Take-Private Transaction

CI Financial Corporation, a prominent wealth management firm based in Canada, has announced the successful completion of a significant transaction with Mubadala Capital. Effective August 12, 2025, Mubadala Capital has acquired CI Financial Corp in a C$12.1-billion take-private deal. This acquisition marks a pivotal moment for Mubadala Capital, as it accelerates its expansion into the private wealth management sector and solidifies its position in a rapidly evolving industry.

The transaction was executed through a statutory plan of arrangement under the Business Corporations Act (Ontario), resulting in Mubadala Capital acquiring all issued and outstanding common shares of CI Financial Corp. This move is part of Mubadala Capital’s broader growth strategy, aiming to enhance its footprint in the diversified asset and wealth management landscape in North America.

CI Financial Corp, listed on the Toronto Stock Exchange, has been a key player in the financial sector, specializing in a wide array of investment funds, including mutual funds, industry-specific funds, RSP-eligible funds, multi-manager funds, segregated funds, and hedge funds. The company’s headquarters are located in Toronto, and it operates under the ticker symbol CIX.

As of August 11, 2025, CI Financial Corp’s close price was CAD 31.98, with a 52-week high of CAD 32 and a low of CAD 16.45 recorded on August 18, 2024. The company’s market capitalization stood at approximately CAD 4.61 billion, with a price-to-earnings ratio of 109.72.

In related news, CI Financial’s CI Global Asset Management (CI GAM) private pools began trading on August 12, 2025. This development follows the expansion of CI GAM’s private pool lineup with six new mandates, indicating continued growth and diversification in its investment offerings.

This acquisition by Mubadala Capital is expected to bring significant changes to CI Financial Corp’s operations and strategic direction, aligning with Mubadala’s ambitions in the wealth management sector.