Manulife Investment Management To Acquire Multi-Sector Alternative Credit Manager CQS; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Manulife Investment Management has agreed to acquire CQS, a multi-sector alternative credit manager with approximately $13.5 billion in assets under management. The acquisition will enhance the global investment solutions for clients of both firms and allow Manulife to scale its distribution footprint. CQS will continue to be led by its current CEO and Senior Partners, and the CQS brand will be co-branded with Manulife. The transaction is expected to close in early 2024, subject to regulatory approvals, with financial terms not disclosed. Lord Hintze's Directional Opportunities Fund is not included in the deal.
November 15, 2023 | 2:10 pm
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Manulife's acquisition of CQS is expected to enhance its global investment solutions and distribution capabilities. The deal could positively impact Manulife's growth in the alternative credit sector.
The acquisition of CQS by Manulife is likely to be viewed positively by investors as it expands Manulife's asset management capabilities and could lead to increased AUM and revenue in the long term. The short-term impact is expected to be positive, reflecting the potential for growth and the strategic fit of the acquisition.
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