Aon has completed its acquisition of the Townsend Group, a U.S.-based investment management and advisory service provider with a focus on real estate and real assets. “We are excited to welcome the Townsend organization into Aon and further enhance our investment solutions in areas that are of increasing importance to our clients,” said Cary Grace, chief executive officer […]
Sun Life Global Investments Inc. has entered into an agreement to acquire Excel Funds Management Inc. and Excel Investment Counsel Inc. The investment manager, which specializes in emerging market funds, has about $700 million in assets under management. According to a press release, the acquisition will add Excel’s exchange-traded funds to Sun Life’s capabilities. “We […]
Great-West Life Assurance Co.’s European subsidiary the Canada Life Group Ltd. is acquiring financial services provider Retirement Advantage. Based in Britain, Retirement Advantage was created in 2015 when funds managed by TDR Capital LLP merged the retirement income and equity release divisions of MGM Advantage Life Ltd. and Stonehaven Equity Release. The company has more […]
The Great West Life Assurance Co. has completed its acquisition of Canadian managing general agency Financial Horizons Inc. Initially established as a financial planning firm in 1990, Financial Horizons now provides life, health, employee benefits, pension, investments, structured settlements and risk management products and services to financial advisors. It serves customers across Canada through a network of 6,600 […]
Caisse de dépôt et placement du Québec is helping Cogeco Communications Inc. acquire a network of cable systems in the United States with an equity investment of US$315 million. In return, the institutional investor will gain a 21 per cent interest in the Canadian communications company’s subsidiary, Atlantic Broadband, which is the ninth-largest cable operator […]
Shareholders have approved the proposed merger between Standard Life and Aberdeen Asset Management Inc. At Standard Life’s general meeting on Monday, 98.6 per cent of shareholders voted in favour of the all-share merger announced in March 2017. The merged investment firm, which will rebrand as Standard Life Aberdeen, will have its headquarters in Scotland. “Our […]
Caisse de dépôt et placement du Québec is one of three equity investors funding Quebec-based IPL Inc.’s acquisition of California-based Macro Plastics Inc. for US$150 million. IPL manufactures injection-molded plastic products for the food and industrial sectors while Macro Plastics manufactures rigid plastic bulk packaging to the agricultural and automotive sectors in North America. It […]
People Corp. has acquired Sirius Benefit Plans Inc. for $15 million. Winnipeg-based Sirius Benefits administers the employee benefit programs for several thousand small- and medium-sized companies across Canada and has relationships with more than 250 third-party brokers. Read: People Corporation makes acquisition “The opportunity to add a ‘home-grown’ Winnipeg-based firm to the People Corporation family, […]
Caisse de dépôt et placement du Québec is investing for the third time in Fix Auto World as it expands by acquiring several competitors. The automotive repair company has agreed to buy 11 glass and automotive aftermarket companies from Skidmore Group, a diversified holding company that invests in retail, distribution and service businesses. The companies […]
The private equity arm of the Ontario Municipal Employees Retirement System has agreed to acquire a technology company that operates intelligent commerce networks from ABRY Partners. Based in Winston-Salem, N.C., Inmar Inc. provides offline and online exchanges for retailers, manufacturers, shoppers and health-care institutions. Read: OMERS invests in legal process outsourcing firm Inmar attracted the […]