Manulife Completes Acquisition of Comvest Credit Partners
Rhea-AI Summary
Manulife (TSX/NYSE/PSE: MFC) announced it has closed the acquisition of a 75% stake in Comvest Credit Partners, establishing the combined private credit platform Manulife | Comvest Credit Partners on Nov 3, 2025. Comvest employees retain a 25% interest with a path to full ownership six years after closing. Manulife said the deal is immediately accretive to core EPS, core ROE and core EBITDA margin and will leverage its >US$900 billion Global Wealth & Asset Management scale and global distribution to expand private credit origination and solutions.
Manulife also cautioned that forward-looking benefits are subject to risks and uncertainties and actual results may differ materially from expectations.
Positive
- 75% stake acquired in Comvest Credit Partners completed on Nov 3, 2025
- Comvest employees retain 25% interest, aligning incentives
- Transaction is stated immediately accretive to core EPS
- Leverages >US$900 billion Global WAM scale and global distribution
Negative
- Company warns anticipated benefits may not materialize due to risks and uncertainties
News Market Reaction – MFC
In the Nov 3 session, MFC gained 2.01%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TSX/NYSE/PSE: MFC SEHK: 945
"We are excited to officially welcome the Comvest team to Manulife," said Manulife President and Chief Executive Officer Phil Witherington. "The transaction scales and enhances our private market platform and is immediately accretive to core EPS, core ROE and core EBITDA margin. The combined platform creates significant opportunity given our global distribution capabilities and I am confident we will drive robust and sustainable growth."
The new private credit platform — Manulife | Comvest Credit Partners — will be built on the continuity of Comvest's proven leadership and Manulife's global scale. The platform will provide creative and flexible private credit solutions to both sponsored and non sponsored companies. Alongside Manulife Investment Management's private equity program and global distribution network, the platform will combine deep origination channels, rigorous underwriting discipline, and long-term stability that will seek to deliver attractive risk-adjusted returns across market cycles.
For more information on the transaction, please see the news release and slides from our August 6, 2025, announcement.
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Media Inquiries |
Investor Relations |
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Jeff Cathie |
Derek Theobalds |
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(857) 944-9017 |
(416) 254-1774 |
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1 Comvest employees will retain a |
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2 Comvest Credit Partners is a fully owned subsidiary of private credit and private equity investment manager Comvest Partners. Comvest Partners' private equity strategy, Comvest Investment Partners, is not included in the agreement. |
About Manulife
Manulife Financial Corporation is a leading international financial services provider, helping our customers make their decisions easier and lives better. With our global headquarters in
Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.
About Manulife Wealth & Asset Management
As part of Manulife Financial Corporation, Manulife Wealth & Asset Management provides global investment, financial advice, and retirement plan services to 19 million individuals, institutions, and retirement plan members worldwide. Our mission is to make decisions easier and lives better by empowering people today to invest for a better tomorrow. As a committed partner to our clients and as a responsible steward of investor capital, we offer a heritage of risk management, deep expertise across public and private markets, and comprehensive retirement plan services. We seek to provide better investment and impact outcomes and to help people confidently save and invest for a more secure financial future.
Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS:
This document contains forward-looking statements within the meaning of the "safe harbour" provisions of Canadian provincial securities laws and the
Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to the anticipated benefits from the transaction, the performance of the combined Manulife | Comvest Credit Partners platform and changes in general economic and market conditions, laws and regulations.
Additional information about material risk factors that could cause actual results to differ materially from expectations may be found in our most recent annual and interim reports and elsewhere in our filings with Canadian and
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SOURCE Manulife Financial Corporation