M&A Deal Summary

CI Financial Acquires Bluestein

On November 2, 2021, CI Financial acquired financial services company Bluestein

Acquisition Highlights
  • This is CI Financial’s 14th transaction in the Financial Services sector.
  • This is CI Financial’s 15th transaction in the United States.
  • This is CI Financial’s 1st transaction in Michigan.

M&A Deal Summary
Date 2021-11-02
Target Bluestein
Sector Financial Services
Buyer(s) CI Financial
Deal Type Add-on Acquisition
Advisor(s) Cambridge International Partners LLC (Financial)
Proskauer Rose LLP
Bodman (Legal)

Target

Bluestein

Birmingham, Michigan, United States
Bluestein is an independent client firm that provides investment management counsel to a broad range of clients, including individual investors, trusts, estates, family groups, corporations, profit-sharing plans, and foundations. Bluestein was founded in 1990 and is based in Birmingham, Michigan.

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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 17 of 20
Sector (Financial Services) 14 of 15
Type (Add-on Acquisition) 15 of 18
State (Michigan) 1 of 1
Country (United States) 15 of 17
Year (2021) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Portola Partners

Menlo Park, California, United States

Portola Partners is a wealth management firm specializing in meeting the distinct needs of ultra-high-net-worth families. Portola Partners manages US$5.2 billion in assets and provides comprehensive investment and wealth planning solutions to respected families with complex, unique requirements. Portola Partners was founded in 2020 and is based in Menlo Park, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Gofen

Chicago, Illinois, United States

Gofen is a wealth and investment management firm that offers customized investment solutions and tailored planning solutions to primarily high-net-worth families. Gofen was established in 1932 and is based in Chicago, Illinois.

Buy -
Mergr

Product

Company

Legal