US EditionManulife to Acquire Comvest Credit Partners, Creating a Leading Private Credit Platform
ONTARIO, CANADA, AUG 7 – Manulife will own 75% of Comvest, combining US$18.4 billion in assets to expand its private credit platform, with the deal expected to boost earnings immediately, company said.
- On August 6, 2025, Manulife Financial Corporation revealed plans to acquire a 75% stake in Comvest Credit Partners for US$937.5 million as part of its strategy to grow its presence in the private credit market.
- This acquisition follows Manulife's 2024 CQS acquisition and reflects its strategy to grow earnings from its highest potential businesses, targeting private credit's growth.
- Comvest oversees $14.7 billion through a diversified private credit strategy and will combine forces with Manulife’s Senior Credit group, which manages $3.7 billion, to establish a joint platform totaling $18.4 billion in assets.
- Phil Witherington, Manulife CEO, said the deal adds ‘‘differentiated capabilities in private credit’’ and expects immediate accretion to core EPS, ROE, and EBITDA margin.
- The transaction, funded with cash on hand and subject to closing conditions, is expected to close in Q4 2025 and enhance Manulife’s Global Wealth and Asset Management growth.
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The Berkshire Eagle
Manulife to Acquire Comvest Credit Partners, Creating a Leading Private Credit Platform
Consistent with Manulife's strategy to increase earnings from its highest potential businessesComvest is a rapidly growing, middle market private credit managerAlignment creates a comprehensive US$18.4 billion1 private credit asset management platformComvest leadership will lead the aligned private credit platform and…
Manulife buys 75pc stake in Comvest to create $18.4bn private credit platform
Insurer Manulife is acquiring a 75 per cent stake in Comvest Credit Partners, the direct lending platform of Comvest Partners, to create a combined private credit platform with $18.4bn (£13.8bn) of assets under management (AUM). The new business will be co-branded as Manulife | Comvest, and will be headed up by Robert O’Sullivan, co-founder and […] The post Manulife buys 75pc stake in Comvest to create $18.4bn private credit platform appeared fi…
After the acquisition of CQS in 2024, Manulife took over Comvest Credit Partners.
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