On November 15, 2023, Manulife Investment Management announced that it will acquire CQS.
Under the terms of the transaction, Manulife Investment Management (“Manulife”) will acquire CQS. Upon completion of the transaction, Manulife will acquire the CQS credit platform and the CQS brand. The transaction is expected to close in early 2024. Further terms of the deal were not disclosed.
Manulife, based in Toronto, Canada, is the asset management and global wealth arm of Manulife Financial Corporation. As of March 2023, Manulife had $845 billion in assets under management.
CQS, based in London, United Kingdom, is a multi-sector alternative credit manager. As of October 2023, CQS had $13.5 billion in assets under management. Piper Sandler served a financial advisor to CQS on the transaction.
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