Mubadala Capital and CI Financial Corp. entered into a definitive agreement to take CI Financial private, in a transaction that values the company’s equity at approximately US$4.7 billion and implies a total enterprise value of US$12.1 billion.

The transaction marks one of the largest take-private deals in Canada over the past decade.

For Mubadala Capital, this investment enhances its strategic presence in the North American investment and wealth management sectors and underscores its ability to execute complex, high-value transactions. It also complements Mubadala Capital’s long-term approach to building resilient platforms in key global markets.

CI Financial, which operates in the United States under the Corient brand, will continue to function independently while retaining its leadership team and operational structure across both Canada and the United States. The company will remain headquartered in Canada and maintain its technology systems, data protection standards, and local employment footprint.

Mubadala Capital’s investment is designed to provide CI Financial with a stable, well-capitalized platform for future growth. This includes enhanced reinvestment capacity and continued expansion in its core markets.

Mubadala’s growing presence in North America reflects its commitment to building long-term partnerships that support value creation and access to differentiated investment opportunities.