Sun Life Financial completes purchase of minority interest in McLean Budden

Torys acted as counsel to Sun Life Financial with a team that included Philip Mohtadi, Michele Discepola, Stephanie Brady, Harry Cherniak, Corrado Cardarelli, Mitch Frazer, and Marko Trivun

On November 7, 2011, Sun Life Financial Inc. (TSX/NYSE: SLF) completed its purchase of the minority shares in its McLean Budden investment management subsidiary. Subsequently, Sun Life transferred its business to its MFS Investment Management (MFS) unit. McLean Budden, now a wholly owned subsidiary of MFS, will continue to be based in Toronto. The purchase price of the minority shares, which represents 32.4% of ownership, is approximately C$170 million plus additional consideration to be based on performance targets being attained.

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers.

Further information is found on Sun Life Financial's website.