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0 0 0 0.0185607294041029 0.0192119830674048 -0.00244220123738194 -0.011559752523608 -0.00781504395962222
Stock impact report

Manulife to make huge push into private markets with US$18B platform [Wealth Professional (Canada)]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: manulife.com/investor-relations
Manulife Financial Corporation has announced a major expansion of its private markets strategy with plans to acquire a 75% stake in a fast-growing US middle-market direct lender. The Canadian company will acquire the majority stake in Comvest Credit Partners for US$937.5 million in upfront cash and then combine Comvest's US$14.7 billion in assets with Manulife's US$3.7 billion Senior Credit business to form a new US$18.4 billion private credit platform, co-branded as Manulife | Comvest. Comvest, will retain its leadership and investment strategy and the combined platform will be lead by its CEO Robert O'Sullivan will lead the combined platform, reporting to Anne Valentine Andrews, Manulife's Global Head of Private Markets. Founder Michael Falk will serve as Senior Advisor and Board Member. “This partnership is an important step forward for Comvest and will meaningfully strengthen our market position. From the outset, the synergies between Comvest and Manulife have been clear, w Show less Read more
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