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0 0 0 0 0.00515297906602255 0.0027375201288245 -0.00112721417069244 0.00515297906602255
Stock impact report

Sun Life tightens grip on alternatives platform with BGO, Crescent buyouts and Bell Partners deal [Wealth Professional (Canada)]

Sun Life Financial Inc. (SLF) 
Last sun life financial inc. earnings: 2/12 05:01 pm Check Earnings Report
Sun Life Financial Inc. has moved to consolidate and expand its alternatives business, finalizing full ownership of two key asset managers while striking a new deal in US real estate. The insurer confirmed it has acquired the remaining stakes it did not already own in BentallGreenOak (BGO) and Crescent Capital, strengthening its control over real estate and private credit capabilities within its asset management arm. The transactions saw Sun Life pay C$1.59bn for the outstanding 44% of BGO and C$829m for the remaining 49% of Crescent, completing a multi-year strategy to bring both firms fully in-house. Leadership framed the move as a long-term bet on alternatives. "BGO and Crescent are industry leading businesses and integral to our strategy for Sun Life Asset Management. Both companies create enduring value for our Clients and stakeholders. Together, they bring decades of real estate and credit expertise and deliver high-quality solutions for Clients globally," said Kevin St Show less Read more
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