TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, Nov. 3, 2025 /PRNewswire/ — Manulife Financial Corporation (TSX: MFC), through its more than US$900 billion Global Wealth & Asset Management (“Global WAM”) segment, announced today that it has closed the previously announced transaction to acquire 75%1 of Comvest Credit Partners2 (“Comvest”), creating a leading private credit asset management platform.
“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.