The Canada Life Assurance Company Acquires Value Partners Group Inc.
June 13, 2023
The Canada Life Assurance Company, a subsidiary of Great-West Lifeco, has agreed to acquire Value Partners Group Inc., a Winnipeg-based wealth planning and investment firm. The deal will integrate Value Partners’ investment counsel, investment management and financial planning capabilities into Canada Life’s advisor-focused wealth platform to expand capabilities for independent advisors; the transaction is expected to close by end of 2023 subject to regulatory approvals.
- Buyers
- The Canada Life Assurance Company (Canada Life)
- Targets
- Value Partners Group Inc.
- Industry
- Financial Services
- Location
- Manitoba, Canada
- Transaction Type
- Buyout
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