Paul, Weiss is advising AMG, a strategic partner to leading independent investment management firms worldwide, on the sale of its interest in Comvest Partners’ private credit business and its interest in the AMG Comvest Senior Lending Fund joint venture. The sale is part of the private credit business’ acquisition by Manulife Financial Corporation.

Under the agreement, AMG is expected to receive about $285 million in total cash consideration. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions.

The Paul, Weiss team is led by partners David Hepp, Matthew Collin, Nicholas Olson and Lindsay Parks, and includes corporate counsel Martin Ziessler and tax counsel Daniel Bleiberg.