Mergers & Acquisitions


On November 15, 2023, CQS announced that it had signed a definitive agreement to be acquired by Manulife Investment Management (“MIM”). Upon completion of the transaction, MIM will acquire the ~$13.5B AUM credit platform of CQS. In conjunction with the transaction, the founder of CQS, Lord Hintze, will spin off his hedge fund business and set up a separate asset manager. Piper Sandler served as sell-side advisor for CQS.

Press Release

CQS is a London-based multi-sector alternative credit manager with a 20-year history of managing research-driven credit strategies over multiple market cycles. The core capabilities of CQS span corporate credit (loans and bonds), collateralized loan obligations, convertible bonds, asset-backed securities, regulatory capital strategies, and structured credit. CQS teams are committed to building enduring partnerships with investors, generating long-term risk-adjusted returns, and delivering high levels of service, tailoring mandates across a range of return objectives and risk appetites. ESG principles are integrated throughout the organization and into the investment approach

Manulife Investment Management
Manulife Investment Management is the wealth and asset management segment of Manulife Financial Corporation (NYSE/TSE: MFC), a Toronto-based global financial services institution. MIM had ~$625B in AUM at March 31, 2023 in public and private investment solutions across equities, fixed income, multi-asset, alternative, and sustainability-linked strategies. MIM serves more than 17 million individuals, institutions, and retirement plan members

Asset & Wealth Management