Power Corporation Announces Additional Investment in Wealthsimple

Executive Summary

• Power Corporation, via its subsidiary Power Financial Corp., agreed to purchase Class E Preferred Shares of Wealthsimple for an aggregate $100 million as part of a up‑to‑$750 million financing round.
• IGM Financial, another Power subsidiary, also committed $100 million, bringing the Power group’s total participation to $200 million.
• The transaction is co‑led by GIC and Dragoneer and includes other investors such as CPP Investments, Iconiq, Greylock and Meritech; closing expected in Q4 2025.

Key Details

• Investment Amount: $100 million for Series E Preferred Shares of Wealthsimple (aggregate purchase price).
• Total Power Group Participation: $200 million ($100 M by Power Financial + $100 M by IGM Financial).
• Financing Round Size: Up to $750 million total – $550 million primary offering, up to $200 million secondary offering.
• Co‑Lead Investors: GIC and Dragoneer; other participants include CPP Investments, Iconiq, Greylock, Meritech.
• Valuation Impact: Power’s direct equity interest in Wealthsimple now valued at $1.47 billion (up 47% YoY Q2 2025), or $1.57 billion including the new $100 million investment.
• Ownership Position: Post‑closing, Power and subsidiaries’ ownership percentage in Wealthsimple remains substantially unchanged.
• Closing Conditions: Subject to customary closing conditions; expected to close in Q4 2025.

Notable Quotes

(No direct quotes were provided in the release.)