West Palm Beach, FL – Comvest Partners, through its Comvest Capital lending platform (“Comvest”), is pleased to announce that its third direct lending fund, Comvest Capital III, has closed on a $100 million committed revolving credit facility with Goldman Sachs Bank USA (“Goldman Sachs”), with an additional $50 million upsize structured through an uncommitted accordion
West Palm Beach, FL., June 2015 – Comvest Partners, a leading private investment firm that provides flexible capital solutions to middle-market companies, today announced the final closing of its third direct lending fund, Comvest Capital III (“CVC III”), with $450 million in capital commitments. The $450 million amount is above the original cap, and is substantially higher
Newly Acquired Company Renamed AxisPoint Health, Will Continue to Lead and Innovate in Care Management Solutions West Palm Beach, FL – June 2015 – Comvest Partners, with co-investor Mosaic Health Solutions, today announced it has completed the acquisition of McKesson Corporation’s Care Management business, which will be renamed AxisPoint Health (“the Company”). Headquartered in Westminster,
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
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.
West Palm Beach, FL, January 2015 – Comvest Partners (“Comvest”) announced that Carlos Soto has joined the Firm as Senior Vice President in Comvest’s New Business Development Group. In this role, Mr. Soto will be responsible for managing the transaction origination team, sourcing and assessing investment opportunities, and representing Comvest in the deal market. Mr.
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
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
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
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