May 21, 2015
West Palm Beach, FL, May 2015: Comvest Partners (“Comvest”) is pleased to announce that it has entered into an agreement for the sale of FastMed Urgent Care (“FastMed” or the “Company”), the second largest independent urgent care network in the United States, to ABRY Partners. The transaction is expected to be completed in the next
March 17, 2015
West Palm Beach, FL – March, 2015 – Comvest Partners, through its Comvest Capital lending platform, (“Comvest”), has provided a term loan to Spring Insurance Solutions, LLC (“Spring”), a wholly-owned subsidiary of Kansas City-based Spring Venture Group, which operates as an insurance broker for predominately Medicare Supplement insurance products with approximately 23,000 policies in force.
December 19, 2014
Bellingham, Wash. – Pacific Northwest grocery chain Haggen announced that it has entered into an agreement to acquire 146 stores as part of the divestment process brought about by the Federal Trade Commission’s (FTC) review of the Albertson’s LLC and Safeway merger. With this acquisition, which remains subject to FTC approval, Haggen will expand from
November 5, 2014
West Palm Beach, FL – Comvest Partners, through its debt fund Comvest Capital II, LP (“Comvest”), acted as Agent on a $100 million term loan to Travel Holdings, Inc. (“THI” or the Company”), a global provider of travel products. Proceeds from the term loan were used to provide liquidity to shareholders and to provide majority
November 4, 2014
West Palm Beach, FL – Comvest Partners, through its debt fund Comvest Capital III, LP (“Comvest”), has provided a secured term loan to Precision Valve Corporation (“PVC”), a leading global manufacturer of aerosol valves and dispensing systems. The Comvest term loan investment was made as part of a broader recapitalization of PVC. “We are pleased
October 2, 2014
West Palm Beach, FL, October 2014: Comvest Partners is pleased to announce that Comvest Investment Partners Fund IV (“Comvest”) has completed the acquisition of Old Time Pottery (the “Company”), a Tennessee-based discount retailer of home décor products. Old Time Pottery was founded by the Peterson family and currently operates 33 store locations in 11 states
May 23, 2014
West Palm Beach, FL – May, 2014 – Comvest Partners, through its Comvest Capital lending platform, (“Comvest”), has provided $16 million in debt capital to Egenera, a leader in converged infrastructure and cloud management software. The funds will be used to further product innovation and aggressively drive a go-to-market strategy. Egenera enables organizations to deliver
May 1, 2014
West Palm Beach, FL, May 2014: Comvest Partners (“Comvest”) is pleased to announce that Comvest Investment Partners III (“Comvest III”) has completed the merger of portfolio company Cynergy Data (“Cynergy”) with Priority Payment Systems, LLC (“Priority Payments”), creating Priority Payments Systems Holdings, LLC. (“Priority”). The combination creates a top ten U.S. non bank merchant processor
May 1, 2014
West Palm Beach, FL, May 2014: Comvest Partners (“Comvest”) is pleased to announce that Comvest Investment Partners II (“Comvest II”) has completed the sale of portfolio company Aptiv Solutions (“Aptiv”) to ICON plc. Aptiv Solutions, a pharmaceutical contract research organization (“CRO”), was originally acquired by Comvest at the end of 2005 as Averion International, and
March 14, 2014
West Palm Beach, FL., March 2014 – Comvest Partners through its debt fund, Comvest Capital II L.P., acted as Agent on an upsized $75 million term loan for Merchant Cash and Capital, LLC (“MCC”), one of the nation’s leading “merchant cash advance” funding companies. Comvest made an initial investment in MCC in September 2011. “Like