Manulife Completes Acquisition of Comvest Credit Partners

Core Insights - Manulife Financial Corporation has completed the acquisition of 75% of Comvest Credit Partners, enhancing its private credit asset management platform [1][2] - The transaction is expected to be immediately accretive to core EPS, core ROE, and core EBITDA margin, indicating positive financial impacts [1] - The new platform, Manulife | Comvest Credit Partners, aims to provide flexible private credit solutions and leverage Manulife's global distribution capabilities [1] Company Overview - Manulife Financial Corporation operates as a leading international financial services provider, with a focus on making financial decisions easier for customers [3] - The company has over 37,000 employees and serves more than 36 million customers globally [3] - Manulife Wealth & Asset Management offers global investment, financial advice, and retirement plan services to 19 million individuals and institutions [4][6] Transaction Details - Comvest employees will retain a 25% interest in Comvest, ensuring alignment of interests and a path to full ownership six years post-closing [2] - The acquisition does not include Comvest Partners' private equity strategy, Comvest Investment Partners [2]