09:14 AM EDT, 10/14/2025 (MT Newswires) -- IGM Financial Inc. ( IGIFF ) announced Tuesday details related to a Rockefeller Capital Management transaction, which was announced by Rockefeller earlier today.

Rockefeller announced a recapitalization at an enterprise valuation of over US$6.6 billion. The transaction received material support from Viking Global Investors, the Rockefeller family, and IGM, in which the Desmarais family holds an interest.

IGM in a statement said: "The Rockefeller transaction marks a significant milestone in the firm's growth trajectory and further strengthens the firm's ownership base with the addition of multiple distinguished investors and continues to align Rockefeller's management with long-term equity ownership."

Based on the transaction valuation, IGM said its current equity interest in Rockefeller is valued at US$1.13 billion (C$1.58 billion), up approximately US$510 million (C$750 million) from its initial investment in June 20232 of US$622 million (C$835 million), representing an increase of C$3.18 per IGM share and a total value of C$6.69 per IGM share.

IGM added it will remain the second largest and a strategic investor following a planned sale of a small portion of its US$1.13 billion (C$1.58 billion) equity interest to support the goals of the transaction, the details of which are expected to be finalized at close of the transaction.

The transaction is expected to close in the fourth quarter of 2025, subject to satisfaction of customary closing conditions.

IGM was down $0.24 or 0.5% at $51.35 on the TSX last Friday.