Manulife to Acquire Comvest Credit Partners, Creating a Leading Private Credit Platform

Manulife Financial Corporation has signed an agreement to acquire 75% of Comvest Credit Partners for US$937.5 million in upfront consideration, with potential additional consideration of up to US$337.5 million based on performance targets. The acquisition will combine Manulife's US$3.7 billion Senior Credit team with Comvest's US$14.7 billion platform to create an US$18.4 billion private credit asset management platform, branded as Manulife | Comvest. The transaction is expected to close in Q4 2025 and will be immediately accretive to core EPS, core ROE, and core EBITDA margin.