Deal Snapshot
SUN LIFE CLOSES ACQUISITION OF MAJORITY STAKE IN BENTALGREENOAK
Thursday 11 July 2019

Canada-based financial services organisation Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) has closed its acquisition of a majority stake in Canadian commercial mortgage investment specialist BentallGreenOak, the company said. Leveraging the history of both firms, BentallGreenOak will form the real estate pillar of our recently established institutional asset management business, SLC Management, a top 100 global asset management firm.
In 2018, Sun Life Financial announced plans to merge Bentall Kennedy, its North American real estate and property management firm which Sun Life Financial acquired in 2015, with GreenOak Real Estate, a global real estate investment firm with approximately CDN 14bn in assets under management and nine offices globally.


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Details
Date Published: 11/07/2019
Target: BentallGreenOak/majority stake
Country: Canada
Deal Size: 146m (USD)
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: Sun Life Financial Inc
Comment:


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