Deals
Foresters to Add $7.5 Billion of Assets With Canada Acquisition
- Deals for former Aegon units are in Canadian asset management
- Businesses set to be indirectly acquired from Wilton Re
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Foresters, the financial-services firm that began in 1874, agreed to acquire two units formerly owned by Dutch insurer Aegon NV to expand in Canada and add about C$10 billion ($7.5 billion) in fixed-income and equity assets under management.
The addition of Aegon Capital Management and Aegon Fund Management will bring total funds under management to about C$44 billion, Foresters said in a statement Tuesday.