On May 11, 2023 CI Financial Corp. announced that it was offering to purchase for cash, in three separate offers , a targeted aggregate principal amount of up to CAD 1,000,000,000 of the outstanding. | May 19, 2023
Investment in U.S. business at a $6.7 billion equity value, ~3x CI’s current market cap
$7.1 billion U.S. business enterprise value, 25.6x CI US Q1’23 annualized Adjusted. | May 11, 2023
Diluted EPS of $0.16, adjusted EPS1 of $0.74
EBITDA of $148.3 million, adjusted EBITDA1 of $250.1 million
Operating cash flow of $145.6 million, free cash flow1 of $155.1 million
Total. | May 11, 2023
CI Financial Corp will sell a 20% stake in its U.S. wealth management arm to Bain Capital LP and other investors for C$1.34 billion , the Canadian asset manager said on Thursday, pausing efforts. | May 11, 2023
CI Financial Corp will sell a 20% stake in its U.S. wealth management arm to Bain Capital LP and other investors for C$1.34 billion , the Canadian asset manager said on Thursday, pausing efforts. | May 11, 2023