Q: Could you comment on the latest acquisition of Manulife
5i Research Answer:
Alongside earnings, MFC announced that they are purchasing 75% of Comvest Credit Partners. The deal is expected to be immediately accretive to core EPS, core ROE and core EBITDA margin. The total purchase price is for $937.5 million and this wil create an $18.4 billion private credit platform. The deal looks good, markets seem to like it, and it gives MFC a leg into a faster growing market.