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CI Financial Corp. Completes Acquisition of First Asset Capital Corp.
CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management company with approximately $142 billion in assets, completed its acquisition of First Asset Capital Corp. First Asset, which has approximately $3 billion in assets under management, provides actively managed and factor-based exchange-traded funds to the Canadian marketplace. The company also offers a suite of mutual funds and closed-end funds. Terms of the transaction, which was first announced on October 23, 2015, were not disclosed.
Wildeboer Dellelce LLP assisted the legal team at CI Financial Corp. in connection with the acquisition with a team that included Perry Dellelce, James Brown and Julie Anderson (corporate/securities) and John Kutkevicius (tax).
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