Manulife completes CQS acquisition

Manulife Investment Management has closed on its previously announced agreement to acquire multi-sector alternative credit manager CQS with regulatory approval for this transaction having been received from the UK Financial Conduct Authority (FCA).

As part of the transaction, Manulife Investment Management has acquired the CQS brand and intends to align it with the Manulife brand as a co-branded logo – Manulife | CQS Investment Management – where permitted.

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Soraya Chabarek, CEO of CQS will remain in her role, while Senior Partners Craig Scordellis, CIO Credit, and Jason Walker, CIO ABS will also continue in their roles and report to Chabarek.

The financial terms of the transaction have not been disclosed. Piper Sandler & Company served as exclusive financial advisor and Simmons & Simmons LLP served as legal counsel to CQS in this transaction.

Source: Private Equity News

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