Dec 18 (Reuters) - Sun Life Financial Inc SLF.TO :
* SUN LIFE TO ACQUIRE MAJORITY STAKE IN INFRARED CAPITAL PARTNERS
* SUN LIFE WILL ACQUIRE AN 80% INTEREST IN INFRARED FOR CONSIDERATION THAT INCLUDES A CLOSING PAYMENT OF £300 MILLION
* INFRARED WILL FORM PART OF SLC MANAGEMENT, CO'S ALTERNATIVES ASSET MANAGEMENT BUSINESS
* COMMITTED TO CO-INVEST US$400 MILLION, INCLUDING GENERAL ACCOUNT INVESTMENTS, TO SUPPORT LAUNCH OF NEW INFRARED INVESTMENT SOLUTIONS
* INFRARED'S OWNERS WILL HAVE A PUT OPTION TO SELL THEIR REMAINING INTEREST TO SUN LIFE APPROXIMATELY FOUR YEARS FROM CLOSING
* SUN LIFE WILL HAVE OPTION TO CALL ANY REMAINING INTEREST APPROXIMATELY FIVE YEARS FROM CLOSING
* TRANSACTION IS EXPECTED TO CLOSE DURING FIRST HALF OF 2020