CC Capital to merge with Westaim in a $250m deal.

CC Capital, a private investment firm focused on investing in and operating high-quality businesses for the long term, agreed to merge with Westaim, an investment company specializing in providing long-term capital to financial services businesses, in a $250m deal. "This is a unique opportunity to create an integrated insurance and asset management platform. Ceres Life will be competitively advantaged by Deanna Mulligan’s leadership and experience, its advanced tech platform and a sizeable, committed capital base. With this foundation, Ceres Life is positioned to scale rapidly and improve how the industry serves policyholders, generating stable insurance assets that will support Arena’s strong growth. We are confident that this transaction will create significant long-term value for Ceres Life policyholders and Westaim shareholders," Chinh Chu, CC Capital Founder and Senior Managing Director.