Business
Sun Life completes remaining equity interest purchases of BGO and Crescent Capital. Sun Life also announces acquisition of Bell Partners, a leading multifamily real estate investment manager.
Sun Life completes remaining equity interest purchases of BGO and Crescent Capital. Sun Life also...
About this update from Sun Life Financial Inc.
[{"type":"text","content":"\n\n\nSun Life completes remaining equity interest purchases of BGO and Crescent Capital. Sun Life also announces acquisition of Bell Partners, a leading multifamily real estate investment manager.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:0pt initial black; BORDER-RIGHT:0pt initial black; BORDER-BOTTOM:0pt initial black; BORDER-LEFT:0pt initial black\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nTORONTO, March 30, 2026 /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced it has completed both the acquisition of the remaining equity interests in BGO, its global real estate investment management advisor and provider of real estate services and Crescent Capital Group (\"Crescent\"), its global alternative credit investment manager.As part of the transaction, Sun Life has paid C$1.59 billion (US$1.16 billion) for the remaining 44% interest stake in BGO and C$829 million (US$608 million) for the remaining 49% stake in Crescent. These payments settle the outstanding put liability on Sun Life's financial statements and were funded through debt issuances in 2025 in anticipation of the transactions.\"BGO and Crescent are industry leading businesses and integral to our strategy for Sun Life Asset Management. Both companies create enduring value for our Clients and stakeholders. Together, they bring decades of real estate and credit expertise and deliver high‑quality solutions for Clients globally,\" said Kevin Strain, President and CEO of Sun Life. \"The completion of our BGO and Crescent buy-ups reflect our confidence in their leadership, performance and long‑term growth.\"Sun Life formed BGO in July 2019 through the merger of Bentall Kennedy with global real estate inves...