Ia Financial Buying Rf Capital Group for $370 Million

iA Financial buying RF Capital Group for $370 million

QUÉBEC — iA Financial Corp. Inc. says it has reached a deal to buy RF Capital Group Inc., which operates under the Richardson Wealth brand, for $370 million.

Quebec’s iA Financial scoops up independent wealth manager RF Capital

The total deal price includes a $370-million equity valuation and $227-million in financial obligations

iA Financial to buy wealth management firm RF Capital

Canadian company iA Financial has agreed to acquire RF Capital Group, a wealth management-focused company, in a deal valued at around C$597m ($435.1m). The deal will see iA purchase all outstanding common shares of RF Capital for C$20 each. The purchase price includes a C$370m valuation for RF Capital’s fully diluted equity and C$227m in financial obligations, such as revolving debt and preferred shares. The acquisition will be financed through …

iA Financial to Expand Wealth Management Reach With RF Capital Acquisition

Canada-based insurance and wealth management group iA Financial plans to acquire RF Capital Group, a Canada-based wealth management company that operates under the Richardson Wealth brand, to expand its reach. [contact-form-7] The deal will provide both companies with cost synergies and revenue synergies, according to a Monday (July 28) press release. The cost synergies will include a consolidation of third-party providers; integration …