CI Financial Corp.
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CI Financial Corp. - overview
Established
1965
Location
Toronto, ON, Canada
Primary Industry
Financial Services
About
Based in Ontario, Canada, and founded in 1965, CI Financial Corp. , formerly known as CI Fund Management, operates as a provider of global wealth management and asset management advisory services to private clients, financial advisors, and institutional investors. In November 2024, Mubadala Capital, along with the company's management, agreed to fully acquire CI Financial Corp. from Hill Path Capital for approximately CAD 12.
1 billion in cash and debt, or CAD 32 per share, in a public-to-private transaction. The deal was completed in August 2025 and CI Financial Corp. was delisted from the Toronto Stock Exchange. The company is led by its CEO, Kurt MacAlpine.
The firm trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CIX. ”. The company provides a wide range of financial services, such as wealth management, asset management, and investment advisory services. Moreover, the firm provides mutual funds, exchange-traded funds (ETFs), private market funds, and corporate trustee services.
Additionally, CI Financial Corp. also provides services such as strategic financial planning and portfolio management. In November 2024, Mubadala Capital, along with the company's management, agreed to fully acquire CI Financial Corp. from Hill Path Capital for approximately CAD 12.
1 billion in cash and debt, or CAD 32 per share, in a public-to-private transaction. The deal was completed in August 2025 and CI Financial Corp. was delisted from the Toronto Stock Exchange. The acquisition will enable CI Financial Corp.
to access long-term, stable capital and continue the expansion of Corient, its U. S. subsidiary.
Current Investors
Hill Path Capital, Mubadala Capital
Primary Industry
Financial Services
Sub Industries
Brokerages, e-Financial, Investment Banking
Website
www.cifinancial.com
Verticals
FinTech, FinTech, FinTech, FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
CI Financial Corp. - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 2,216,593,000 | 2,089,422,000 | 2,008,411,000 | - | - | - |
| % Revenue Growth (YoY) | - | (5.7%) | (3.9%) | - | - | - |
| EBITDA (USD) | 906,911,000 | 815,118,000 | 751,701,000 | - | - | - |
| Operating Income (USD) | 886,354,000 | 782,227,000 | 708,187,000 | - | - | - |
| Operating Margin | 40.0% | 37.4% | 35.3% | - | - | - |
| % EBITDA Margin | 40.9% | 39.0% | 37.4% | - | - | - |
| NET Income (USD) | 617,847,000 | 537,524,000 | 475,546,000 | - | - | - |
| % Net Margin | 27.9% | 25.7% | 23.7% | - | - | - |
CI Financial Corp. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public to Private | Completed | CI Financial Corp. | - | ||||||||
| Add-on | Announced | HM Payson & Co | - | ||||||||
| Public to Private, Secondary Buyout | Completed | CI Financial Corp. | - | ||||||||
| PIPE | Completed | CI Financial Corp. | - | ||||||||
| Corporate Carve Out | Completed | CI Private Wealth, LLC | - |
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