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New Deal


Announced

Canadian Premier to acquire the sponsored markets business from Sun Life.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Canada

Full Line Insurance

Domestic

Single Bidder

insurance services

Friendly

Acquisition

Pending

Majority

Synopsis

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Canadian Premier, a provider of group life, accident & sickness, credit and creditor insurance solutions, agreed to acquire the sponsored markets business from Sun Life, an insurance company. Financial terms were not disclosed. “This is an exciting milestone for our company as we look to serve more Canadians through our affinity groups and creditor insurance businesses. We’ve provided Canadian families with coverage for more than six decades. Our new clients will continue to receive the same high-level of service and care they did with Sun Life. We are very excited to welcome a new group of employees to our Canadian Premier family and continue their great service to these customers," Suzette Huovinen, Canadian Premier CEO.

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