Deal represents foray into asset management business for life insurer
The purchase of Assurant’s U.S. employee benefits business positions Sun Life as the sixth-largest group benefits business in the U.S.
The deal will add US$7.1 billion in AUM and double the size of Fiera’s institutional and subadvisory retail business in the U.S.
The Simmons brand will live on and operate as a new division within Piper Jaffray’s equities and investment-banking group
Some very large transactions spurred the growth, though, as the quarter saw the lowest level of deal activity in two years
70% of Canadian M&A professionals are expecting more deal activity in 2016 compared with 2015
The merger, if approved, would be effective on or about Feb. 15, 2016
Private equity firm sough to improve execs’ chances of claiming tax deduction
The transaction will add $840 million in AUA and a network of licensed advisors across southern Ontario
The weak Canadian dollar has not deterred Canadian companies from making foreign acquisitions