Transactions & Cases Detail



Transaction/Case Details

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

BUSINESS SECTOR

Financial Services

LEAD OFFICE

Toronto


OVERVIEW

On September 7, 2017, Sun Life Global Investments (Canada) Inc. (“Sun Life”) announced that it has entered into an agreement with Excel Funds Management Inc. whereby Sun Life will purchase all of the outstanding shares of both Excel Funds Management Inc. and Excel Investment Counsel Inc. (“Excel Funds”). The acquisition will support the growth of Sun Life through new emerging markets offerings and add 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 is advising Sun Life with a team led by Andrew Armstrong that includes Sean Sadler and Lama Sabbagh.

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