Notification of Transactions by PDMR of TotalEnergies SE: Sale of Available Assets by HAMELLE AURELIEN.

TotalEnergies SE has received notifications of dealing from Persons Discharging Managerial Responsibilities (PDMRs). Aurelien HAMELLE, a member of the Executive Committee, sold 691.3043 TOTALENERGIES ACTIONNARIAT FRANCE "A" PART C shares on August 7, 2025, for €36,039.35 at a price of €52.1324 per share. Another PDMR, also a member of the Executive Committee, sold 1,400 TOTALENERGIES ACTIONNARIAT FRANCE "A" PART D shares on August 7, 2025, for €73,200 at a price of €52.1429 per share. The transactions were made outside a trading venue.

Manulife Financial Corporation has announced its acquisition of 75% of Comvest Credit Partners, a rapidly growing middle market private credit manager, in a deal valued at US$937.5 million. The acquisition, which is expected to close in the fourth quarter of 2025, aligns Manulife's US$3.7 billion Senior Credit team with Comvest, creating a leading US$18.4 billion private credit asset management platform [1].

Comvest, with US$14.7 billion on its platform, offers a diversified strategy encompassing non-sponsor lending, specialty finance sector exposure, and traditional sponsor lending. The firm has a demonstrated track record of fundraising and delivering strong risk-adjusted returns. Manulife's existing Senior Credit business and Comvest are highly complementary, with Comvest focused on non-sponsor backed middle market direct lending and specialty lending, while Manulife has built a strong reputation serving the private equity sponsor-backed market [1].

The transaction is financially attractive for Manulife shareholders, expected to be immediately accretive to core EPS, core ROE, and core EBITDA margin. The acquisition will be funded entirely with cash on hand, resulting in less than a 3-point reduction to Manulife's LICAT ratio [1].

Key figures in the deal include Michael Falk, Founder of Comvest, who will assume a role as Senior Advisor and Board Member, and Robert O’Sullivan, Co-Founder and CEO of Comvest, who will be appointed Head of the newly aligned business. O’Sullivan will report directly to Anne Valentine Andrews, Global Head of Private Markets, and will join the Private Markets Executive Committee [1].

The new Manulife | Comvest private credit platform will significantly enhance and scale Manulife's Private Markets business, complementing its existing public market alternative credit platform, Manulife | CQS Investment Management. This positions the company to offer the full spectrum of credit solutions to clients [1].

The acquisition is part of Manulife's strategy to increase earnings from its highest potential businesses and further its commitment to thoughtfully growing its business and offering a broader range of investment solutions to its institutional, retail, and retirement clients [1].

References:
[1] https://www.marketsmedia.com/manulife-to-acquire-comvest-credit-partners/