M&A
confidence high
sentiment neutral
materiality 0.75
JHCPIF and Manulife Private Credit Fund enter definitive merger agreement; closing expected Q3 2026
John Hancock Comvest Private Income Fund
- Two-step merger: Merger Sub merges into MPCF, then surviving entity merges into JHCPIF.
- Exchange ratio based on NAV per share; actual shares issued after final NAV determination post-closing.
- Both boards approved; requires shareholder and regulatory approvals, including HSR Act waiting period.
- Advisers (Comvest Credit Managers and Manulife Investment Management) equally bear fees and expenses.
- No fractional shares; cash in lieu. Termination allowed if not closed by June 22, 2027.