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Comvest Credit Partners and Manulife Announce Agreement to Create a Leading Private Credit Asset Management Platform

1. Manulife acquires a 75% stake in Comvest's private credit business. 2. The deal enhances Manulife's Global Wealth and Asset Management capabilities.

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FAQ

Why Bullish?

Manulife's acquisition expands its asset management capabilities, potentially increasing revenue. Historical acquisitions have often led to positive market reactions.

How important is it?

The deal directly involves Manulife, which is critical for MFC's growth strategy. The financial implications of the acquisition are significant.

Why Long Term?

The strategic alignment could enhance growth and revenue over several years. Similar past strategies have shown prolonged impact.

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MFCBENTROWAMP
WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- #comvestcreditpartners--Comvest Credit Partners (“Comvest”), a leading middle market direct lending private credit manager with $14.7 billion of assets under management (AUM) on its platform, announced today that it has signed a definitive agreement with Manulife, through its Global Wealth and Asset Management segment, to sell a 75% stake in its private credit business. As part of the agreement, Manulife's existing Senior Credit team managing $3.7 billion AUM will align with the.

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