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Articles tagged "Kurt MacAlpine"


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Kurt MacAlpine: We're very comfortable with our debt levels.

Corient could become an RIA deal-making machine again and pursue its ever elusive IPO, after CI Financial moves to wipe out its debt -- now if it can only find a deal

The Toronto parent's stock rises on announcement to sell notes on the private placement market, freeing Corient to leverage up and break a 7-month deal drought.

May 22, 2024 at 4:40 AM

Kurt MacAlpine: 'The new name better reflects... our vision.'

With Bain deal ticking, CI Financial has to 'do something' with sprawling $147-billion U.S. RIA business under dozens of brand names' so it kills all the brands, except Corient

The valuation proposition of the Miami, Fla. rollup rests on unity in form and function and will now rely on a brand invented during a Merrill Lynch team's Dynasty breakaway

August 3, 2023 at 3:20 AM

Greggory Warren: 'CI Financial has to live with the hand it is holding.'

CI Financial's Bain PIK deal sours shareholders, leads two analysts to downgrade and sends shares south, but CEO still has faith in IPO before 2030

'CI Financial has to live with the hand it is holding,' Morningstar researcher says, because it has few cards left now to play -- without quick market help for a big IPO

May 16, 2023 at 1:44 AM

Kurt MacAlpine:  Post-IPO, the Canadian business will not fund any future U.S. acquisitions.

CI Financial will cut off U.S. RIA unit from Canadian cash infusions as part of 2023 IPO but with a giant parting gift -- total forgiveness of its substantial mountain of debt

The Toronto asset manager, drenched in $2.7 billion of debt, promises an imminent IPO of a larger-than-planned stake in its $126-billion AUM to pay off lenders.

November 17, 2022 at 2:27 AM

Kurt MacAlpine: There's a celebratory feeling.

CI Financial's IPO could make the RIA M&A force next to unstoppable if it 'pops', but industry insiders see Focus Financial's stuck stock price as a 'tremendous headwind'

The Toronto firm already laps the RIA M&A field in deal flow and buzz but an IPO is only worth it if investors cooperate by seeing a much higher value separated from the old cash cow in Canada

April 9, 2022 at 1:37 AM

Kurt MacAlpine: 'Miami is an incredible place to establish our U.S. headquarters.'

Canada's CI Financial and Florida Gov. Ron DeSantis announce plan for Miami to become the $77-billion rollup's U.S. headquarters in 2023

The Sunshine State used tax incentives to lure the Toronto firm to Miami, where the state has tried to establish a Wall Street South for decades with some success

September 16, 2021 at 10:24 PM

Kurt MacAlpine is leveraging trust built up between RIAs who know and like each other and form an informal  pod.

CI Financial continues to feast on Blind Squirrels' membership like a cache of stored nuts

The Toronto serial acquirer is adding study group member Radnor Financial Advisors' $2.6 billion to the bigger haul from Balasa Dinverno, RGT and Brightworth.

June 28, 2021 at 8:42 PM

Kurt MacAlpine: 'You may see us go a little bit faster.'

CI Financial tops its 2020 MVP year with a grand slam $23 billion AUM January deal but its CEO hints that 2021 is just getting going

Kurt MacAlpine says his $261-billion of AUM throws off big cash flow and a growing list of word-of-mouth buyers and a model where managers stay in place assures that his Canadian firm need not sit long on the bench

January 26, 2021 at 10:53 PM

Kurt MacAlpine: I’m very comfortable with the valuations we are paying and the quality of the businesses we are buying.

A hotshot Canadian CEO tears through the RIA market like the polar vortex, sweeping up $16 billion in AUM and ringing the bell on an NYSE listing that could fuel even more deals

Kurt MacAlpine plans to keep buying fast and fearlessly for CI Financial, but skeptics say frothy valuations and high debt are ratcheting up risk.

November 18, 2020 at 3:39 AM

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