West Palm Beach, Fla.− Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, announced that it has completed the sale of a majority interest in Rugs USA to Francisco Partners, a global technology investment firm. Comvest first partnered with Rugs USA founder Koorosh Yaraghi in 2018 to invest in the leading e-commerce retailer of
West Palm Beach, Fla. – Comvest Partners (“Comvest”), an operationally-focused private investment firm, is pleased to announce a strategic investment in Gen3 Marketing, LLC (“Gen3”), a multinational digital marketing services firm and an industry leader in affiliate marketing. Gen3 becomes a new platform in Comvest’s private equity portfolio. Terms of the transaction were not disclosed. Founded
NEW YORK – RugsUSA, a leading e-commerce provider of area rugs and home décor products, announced today that Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, has signed a definitive agreement to make a growth investment in the business. As part of the transaction, Comvest Partners, an operationally-focused private
West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $110.0 million Senior Secured Credit Facility (the “Financing”) to ClearOne Advantage (“ClearOne”), a debt resolution services provider. The financing was used to refinance existing debt and fund ongoing working capital needs. About ClearOne Advantage: ClearOne,
West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing an upsize to its existing Senior Secured Credit Facility (the “Financing”), totaling $103 million, to CareVet, a leading veterinary practice management group. The financing will be used to fund continued growth of the business. About CareVet:
West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $50.0 million Senior Secured Credit Facility (the “Financing”) to Above Lending, Inc. (“Above Lending”), a consumer lending company. The financing will be used to fund the origination and acquisition of consumer loans. About Above Lending:
West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Joint Lead Arranger and Lender in providing a $163 million Senior Secured Credit Facility (“the Financing”) to Camin Cargo Control, Inc.(“Camin”), a third-party service provider of mission critical inspection, testing, and fuel treatment services to the petroleum products industry. Camin is a portfolio
West Palm Beach, FL – Comvest Partners (“Comvest”) is pleased to announce a minority investment in Atomic Transport, LLC (“Atomic”), a leading provider of outsourced long‐haul waste transport and transfer station management, providing key services through long‐term contracts for large waste companies. Headquartered in Chattanooga, TN, Atomic leverages its fleet of equipment to transport municipal
