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

Goodmans LLP is advising RF Capital Group in connection with its sale to 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 includes a C$370 million valuation for RF Capital's diluted equity and C$227 million in financial obligations.

The transaction will allow RF Capital and its advisors to maintain operational independence and brand identity, while complementing iA’s existing brands, Investia and iA Wealth. The transaction is expected to close in the fourth quarter of 2025, subject to approval from RF Capital’s common shareholders and regulators.

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