October 31, 2025

RF Capital Group acquired by iA Financial Corporation in C$597 million all-cash transaction

Goodmans LLP advised RF Capital Group in connection with its acquisition by iA Financial Corporation, a Quebec City-based insurance and wealth management company, in an all-cash transaction valued at C$597 million.

The purchase price of C$597 million included a C$370 million valuation for RF Capital's diluted equity and C$227 million in financial obligations.

The transaction allowed RF Capital and its advisors to maintain operational independence and brand identity, while complementing iA’s existing brands, Investia and iA Wealth.

RF Capital is a Toronto-based wealth management company operating under the Richardson Wealth brand.

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One client noted, "...they handled a very complicated transaction involving many jurisdictions and did a very good job. They are always able to make comparative decisions through a relatively simple way and try to balance risk and find solutions." — Chambers Canada
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RF Capital Group acquired by iA Financial Corporation in C$597 million all-cash transaction

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