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Announced

Sun Life to acquire a 51% stake in Advisors Asset Management for $214m.

Financials

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Transaction Value£185m
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

investment management

Majority

Acquisition

Asset Managers and Custodians

Cross Border

Friendly

Private

Pending

Single Bidder

Synopsis

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Sun Life Financial, a Canadian financial services company, agreed to acquire a 51% stake in Advisors Asset Management, a financial services company offering financial advisory and asset management services, for $214m. "We're thrilled that AAM will be joining SLC Management. Adding AAM to our platform allows us to extend our set of world class alternative investment capabilities to new clients and expands the roster of investment solutions that AAM can offer to the US financial advisor market," Steve Peacher, Sun Life President.

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