Mubadala Capital agrees C$12.1bn deal for Canadian asset manager CI Financial

Q: How long will it take to read this news story?

The story "Mubadala Capital agrees C$12.1bn deal for Canadian asset manager CI Financial" has 590 words across 24 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Mubadala Capital agrees C$12.1bn deal for Canadian asset manager CI Financial" was covered 11 hours ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 16 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23837138</li><li>URL: https://beamstart.com/news/mubadala-capital-agrees-c121bn-deal-17325509366718</li></ul>

Financial Times 11h ago

Mubadala Capital agrees C$12.1bn deal for Canadian asset manager CI Financial - Financial Times

Quick Summary:

However, Mubadala plans to keep CI Financial’s operations together under private ownership, according to people familiar with its plans.

In both deals, Mubadala is investing alongside existing management, who will be retained through the takeover and roll over large equity interests.

The deal ascribes the Toronto-based investment manager, which has more than C$500bn in assets and a long history of managing money for wealthy US and Canadian investors, an equity value of C$4.7bn ($3.36bn), or an enterprise value of C$12.1bn when including its debt.