CI Financial Corp. Acquires Majority Interest in Stavis & Cohen Financial LLC
November 3, 2020
CI Financial Corp. will acquire a majority interest in Houston-based registered investment advisor Stavis & Cohen Financial LLC, which manages approximately US$570 million in assets. The deal expands CI's U.S. wealth platform (raising U.S. assets to about US$13 billion and North American wealth assets to ~US$59 billion) and is expected to close prior to year-end; terms were not disclosed.
- Buyers
- CI Financial Corp.
- Targets
- Stavis & Cohen Financial LLC
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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