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Ci Financial To Acquire Ultra-High-Net-Worth Wealth Manager Coriel Capital

Aug 10, 2023•almost 2 years ago

Acquiring Company

CI Financial

Acquired Company

Ultra-High-Net-Worth Wealth Manager Coriel Capital

TorontoFinancial Services

Description

CI Financial Corp. (“CI”) (TSX: CIX) and Coriel Capital Inc. (“Coriel”) today announced an agreement under which CI will acquire Coriel, a Montreal-based wealth management firm.

Company Information

Company

CI Financial

Location

Toronto, Ontario, Canada

About

CI Financial Corp. is a Canadian-based diversified wealth management and asset management company. It operates with a structure and management team that will remain independent under Mubadala Capital's acquisition.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

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