Sun Life Financial (TSX:SLF) To Acquire Majority Stake In Crescent Capital (CCAP:US)


  • Sun Life is set to acquire a 51 per cent interest in Crescent Capital for up to C$ 450 million.
  • The transaction will comprise C$370 million as upfront payment and a payment of C$80 million in the future based on achievement of certain milestones.
  • Sun Life also plans to co-invest up to C$1 billion in Crescent’s investment strategies.
  • Headquartered in Los Angeles, Crescent had approximately C$38 billion in assets under its management as of June 30, 2020.



We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK