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Mubadala Capital to take Canada's CI Financial private in about $8.7b deal

Mubadala Capital to take Canada's CI Financial private in about $8.7b deal

A Mubadala Development Co. employee pauses near the company's logo at their exhibition booth during the Singapore Airshow in Singapore. Photographer: JONATHAN DRAKE/Bloomberg

Mubadala Capital, Abu Dhabi’s sovereign wealth fund, will take CI Financial private in a C$12.1 billion ($8.66 billion) all-cash deal, including debt, the Canadian asset and wealth manager said on Monday.