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Ci Financial Completes Acquisition Of Us$5.2-Billion Silicon Valley Ria Portola Partners

Sep 30, 2021•about 4 years ago

Acquiring Company

CI Global Asset Management

Acquired Company

US$Silicon Valley RIA Portola Partners

TorontoFinancial Services

Description

CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today announced it has completed the acquisition of Portola Partners Group LLC (“Portola Partners” or “Portola”), a Silicon Valley wealth management firm dedicated to serving the financial needs of ultra-high-net-worth families.

Company Information

Company

CI Global Asset Management

Location

Toronto, Ontario, Canada

About

CI Global Asset Management (CI GAM) is one of Canada’s largest investment management companies. It offers a wide range of investment products and services. CI GAM is a subsidiary of CI Financial Corp., an integrated global asset and wealth management company. The firm is trusted for its expertise in portfolio construction and risk management.

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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