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Manulife Investment Management completes acquisition of CQS to accelerate growth in global wealth and asset management

Apr 03, 2024over 1 year ago

Acquiring Company

Manulife Investment Management

Acquired Company

CQS

TorontoLondonFinanceFinancial ServicesLendingFintechFinanceFinancial Services

Description

Manulife Investment Management has successfully closed the acquisition of multi-sector alternative credit manager CQS. This strategic acquisition accelerates the growth of Manulife Investment Management as a leading global wealth and asset manager, providing income solutions across the credit spectrum to retail, institutional, and retirement investors.

Company Information

Company

Manulife Investment Management

Location

Toronto, Ontario, Canada

About

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 18 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We're committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed