M&A Deal Summary

CI Financial Acquires Coriel Capital

On August 10, 2023, CI Financial acquired financial services company Coriel Capital

Acquisition Highlights
  • This is CI Financial’s 15th transaction in the Financial Services sector.
  • This is CI Financial’s 3rd transaction in Canada.
  • This is CI Financial’s 1st transaction in Quebec.

M&A Deal Summary
Date 2023-08-10
Target Coriel Capital
Sector Financial Services
Buyer(s) CI Financial
Deal Type Add-on Acquisition
Advisor(s) Blair Franklin (Financial)
Davies Ward Phillips & Vineberg (Legal)

Target

Coriel Capital

Westmount, Quebec, Canada
Coriel Capital provides complex financial decisions and ensuring investments effectively support goals and are fully integrated into overall financial plans. Coriel Capital was founded in 2006 and is based in Westmount, Quebec.

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Buyer(S) 1

Buyer

CI Financial

Toronto, Ontario, Canada
Category Company
Founded 1965
Sector Financial Services
Revenue 3.1B CAD (2023)
DESCRIPTION

CI Financial is an independent company offering global asset management and wealth management advisory services. CI Financial was incorporated in 1965 and is headquartered in Toronto, Ontario.

DEAL STATS #
Overall 20 of 20
Sector (Financial Services) 15 of 15
Type (Add-on Acquisition) 18 of 18
State (Quebec) 1 of 1
Country (Canada) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 RegentAtlantic

Morristown, New Jersey, United States

RegentAtlantic serves high-net-worth individuals and families and institutions on the East Coast and across the United States. It offers a comprehensive range of wealth planning services, including financial planning and investment management, customized to the needs of each client. RegentAtlantic was formed in 1982 and is based in Morristown, New Jersey.

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Company

Legal