Northwestern Mutual has reached an agreement to sell Russell Investments to the London Stock Exchange Group for US$2.7 billion ($2.9 billion).
Mercer has entered into a definitive agreement to acquire a 34% stake in South Africa-based Alexander Forbes Group Holdings Ltd. for an undisclosed amount.
Scotiabank has closed the transaction to buy 40% of Aurion Capital Management shares.
People Corporation has purchased the group benefits business of Bryan H. Lupe and Associates for an undisclosed amount.
Homewood Health has acquired Organizational Health Inc. and Organizational Health (Ontario) Inc., providers of disability management services, employee and family assistance programs, substance management services and organizational wellness services.
Gluskin Sheff + Associates has entered into an agreement to acquire the parent company of Blair Franklin Asset Management.
The London Stock Exchange Group has confirmed that it's considering a possible transaction involving Russell Investments.
BMO Financial Group has completed the acquisition of F&C Asset Management.
Shearer's Foods—a company owned by Ontario Teachers' Pension Plan and private equity firm Wind Point Partners—has agreed to buy a private label manufacturer of cookies, crackers and wafers from Snyder's-Lance for US$430 million ($468.5 million).
Scotiabank has agreed to purchase the remaining 40% of Aurion Capital Management shares that were owned by Aurion Capital employees for an undisclosed amount.