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Wildeboer Dellelce Represents Special Committee of CI Financial in a Go-Private Transaction with Enterprise Value of $12.1 Billion
Mubadala Capital and CI Financial Corp. (“CI”) have entered into an arrangement agreement pursuant to which Mubadala Capital will take CI private in a transaction that values CI’s equity at approximately $4.7 billion and implies an enterprise value of $12.1 billion.
Pursuant to the arrangement, all issued and outstanding common shares of CI will be acquired for cash consideration of $32.00 per share, except for certain common shares held by CI senior management, which may be rolled into a new holding vehicle at a value equivalent to the cash consideration.
The transaction will be carried out through a plan of arrangement under the Business Corporations Act (Ontario) and will be subject to shareholder and court approval, regulatory clearances and other customary closing conditions. Closing is anticipated to take place second quarter of 2025.
Wildeboer Dellelce LLP acted for the Special Committee of the Board of Directors of CI Financial in connection with the transaction, with a team that included Perry Dellelce, Rob Wortzman, James Brown, Joel Fraser, Bronwyn Newell and Mila Simic (corporate finance/M&A)
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