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Manulife acquires 75% stake in Comvest to establish $18.4bn private credit platform
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Manulife acquires 75% stake in Comvest to establish $18.4bn private credit platform
Manulife Financial has agreed to acquire a 75% stake in middle-market lender Comvest Credit Partners, creating an $18.4bn private credit platform as the Canadian insurer deepens its push into alternative assets, according to a report by Bloomberg. The transaction, valued at approximately $938m, includes an additional earnout of up to $337.5m based on future performance. Manulife will retain an option to acquire the remaining 25% equity interest …
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