Rockefeller Capital Management in its $622 million sale of a minority interest to IGM Financial
On April 3, 2023, Rockefeller Capital Management announced a minority investment in the company by IGM Financial Inc., a member of the Power Corporation of Canada group of companies. IGM Financial is acquiring an approximately 20.5 percent ownership stake in the company in exchange for an investment of US$622 million. In addition, as part of this transaction, the Rockefeller family is increasing its investment in the company.
Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Rockefeller Capital Management.