CI Financial to Acquire Gofen and Glossberg

INVESTMENT MANAGEMENT DEALS BLOG

November 29, 2021

On November 10, 2021, CI Financial Corp. announced it will acquire Gofen and Glossberg, LLC.

Under the terms of the transaction, CI Financial Corp. (“CI”) will acquire Gofen and Glossberg, LLC (“Gofen”). The transaction, subject to regulatory and other customary closing conditions, is expected to close later in the fourth quarter. Terms of the deal were not disclosed.

CI (NYSE: CIXX) is an independent company, based in Toronto, Canada, engaged in global asset management and wealth management advisory services. As of September 30, 2021, CI had approximately $252.7 billion in assets under management and advisement.

Gofen, based in Chicago, is a registered investment adviser providing investment and wealth management services foundations, endowment funds, and pensions, as well as individuals and families. Gofen has $7.5 billion in assets. Cambridge International Partners LLC advised Gofen on the deal.

To read the press release: please click here.