Transactions & Cases Detail



Transaction/Case Details

Sun Life Global Investments acquires Excel Funds Management Inc. and Excel Investment Counsel Inc.

DATE CLOSED

January 2, 2018

BUSINESS SECTOR

Financial Services

LEAD OFFICE

Toronto


OVERVIEW

On January 2, 2018, Sun Life Global Investments (Canada) Inc. (“Sun Life”) completed the purchase of Excel Funds Management Inc. and Excel Investment Counsel Inc. (collectively, "Excel Funds"), an investment manager specializing in emerging markets funds. The acquisition supports the growth of Sun Life through new emerging markets offerings and adds Excel's exchange-traded funds to its capabilities.

Sun Life Global Investments, a subsidiary of Sun Life Financial, is a fund management company that offers a diverse lineup of mutual funds and portfolio solutions to Canadians.

Excel Funds is an investment management company that offers actively-managed core and specialty investment solutions to retail and institutional investors, including access to the largest suite of emerging markets investments in Canada.

McCarthy Tétrault LLP advised Sun Life with a team led by Andrew Armstrong that included Sean Sadler and Lama Sabbagh.

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