M&A Deal Summary

Mubadala Capital Acquires CI Financial

On November 27, 2024, sovereign wealth fund Mubadala Capital acquired financial services company CI Financial for 12.1B CAD

Acquisition Highlights
  • This is Mubadala Capital’s 1st transaction in the Financial Services sector.
  • This is Mubadala Capital’s largest (disclosed) transaction.
  • This is Mubadala Capital’s 4th transaction in Canada.
  • This is Mubadala Capital’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2024-11-27
Target CI Financial
Sector Financial Services
Buyer(s) Mubadala Capital
Deal Type Going Private
Deal Value 12.1B CAD
Advisor(s) RBC Capital Markets (Financial)
Stikeman Elliott
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

CI Financial

Toronto, Ontario, Canada
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.

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Buyer(S) 1

Buyer

Mubadala Capital

Investor


Category Sovereign Wealth Fund
Founded 2002
PE ASSETS 276.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Mubadala Capital is a private equity firm focused on investing capital across a range of assets worldwide. The Firm primarily invests in private and public assets, but also considers credit, real estate, and alternatives. Mubadala invests in a variety of sectors including industrials, healthcare, energy, renewables, financial services, infrastructure, and business services. Mubadala Capital was founded in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.


DEAL STATS #
Overall 44 of 44
Sector: Financial Services M&A 1 of 1
Type: Going Private M&A Deals 4 of 4
State: Ontario M&A 2 of 2
Country: Canada M&A 4 of 4
Year: 2024 M&A 4 of 4
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Bugaboo

Amsterdam, Netherlands

Bugaboo designs strollers and parenting solutions, helping families create endless moments of fun and discovery every step of the way. The company's products include strollers, car seats, travel cots, and accessories. Bugaboo was founded in 1999 and is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Calisen

Manchester, United Kingdom

Calisen is an owner and manager of essential energy infrastructure assets. Calisen was founded in 2002 and is based in Manchester, United Kingdom.

Sell -