Manulife Completes Acquisition of Comvest Credit Partners

Executive Summary

• Manulife Financial Corporation closed its previously announced transaction to acquire a 75% interest in Comvest Credit Partners, creating a leading private‑credit asset management platform.
• The deal is described as immediately accretive to Manulife’s core earnings per share (EPS), return on equity (ROE) and EBITDA margin.
• Comvest employees retain a 25% ownership stake, with an option for full ownership six years after closing.

Key Details

• Transaction Scope: Acquisition of 75% of Comvest Credit Partners; remaining 25% retained by Comvest employees.
• Strategic Rationale: Enhances Manulife’s private‑market platform, expands global distribution capabilities, and is expected to drive robust, sustainable growth.
• Financial Impact (per Management): Immediately accretive to core EPS, core ROE, and core EBITDA margin.
• Future Ownership Path: Employees’ 25% stake provides alignment; full ownership possible six years post‑closing.
• Platform Name: Manulife | Comvest Credit Partners – a combined private credit platform leveraging Manulife’s scale and Comvest’s leadership.
• Related Materials: Reference to earlier announcement (August 6, 2025) and accompanying slides for additional transaction details.

Notable Quotes

“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.”