Spinrite has announced that it will acquire the North American Crafts business of Coats Group plc. The deal includes the well-known craft brands Red Heart, Coats & Clark, Aunt Lydia and Susan Bates. Anchor, Dual Duty XP and J&P Coats will be licensed for varying terms. The transaction is expected to close in the coming
West Palm Beach, FL – Comvest Credit Partners (“Comvest”) is pleased to announce the refinancing of senior credit facilities for SMART Financial (“Smart”), an operator of over 60 pawn stores across the United States and Canada. The refinancing, which consists of a new $80.0 million senior credit facility, was led by Comvest, who is also acting
West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $60.0 million Senior Credit Facility to Speed Leasing Company (“Speed Leasing”), a portfolio company of 777 Partners. Speed Leasing is a pre-owned motorcycle leasing company. “We are excited to be partnering with Comvest as we
West Palm Beach, FL – Comvest Partners (“Comvest”) is pleased to announce that it has completed the sale of Red Hawk Fire & Security (“Red Hawk”), a leader in commercial fire, life safety and security services, to ADT Inc. (NYSE: ADT), the leading provider of monitored security and interactive home and business automation solutions in the
West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $40 million senior credit facility in addition to making an equity investment in Ojos Locos, LLC (“Ojos Locos” or the “Company”). “We are excited to partner with Comvest as we position our Company for our
WEST PALM BEACH, FL, – Comvest Partners (“Comvest”) is pleased to announce its investment in Spinrite LP (“Spinrite” or the “Company”), a leading North American craft company and provider of craft knitting yarns. JW Levin Management Partners (“JWLMP”) also co-invested in the transaction and will work with Comvest as executive partners. The company, headquartered in
WEST PALM BEACH, FL. – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and lender in providing a $24.0 million Senior Term Loan (the “Financing”) to Vintage Stock Inc. (“Vintage Stock” or the “Company”), a discount specialty entertainment retailer and subsidiary of Live Ventures Incorporated (NASDAQ:LIVE). The Financing was used primarily to refinance/paydown certain
WEST PALM BEACH, FL. – Comvest Partners, through its lending strategy, Comvest Capital (“Comvest”), has acted as administrative agent in a new $30.0 million senior secured credit facility for ClearOne Advantage (“ClearOne” or the “Company”), a debt resolution services provider. The financing was used to repay existing debt and fund ongoing working capital needs. “We are
WEST PALM BEACH, FL. – Comvest Partners (“Comvest”) is pleased to announce an investment in RugsUSA (or “the Company”), a leading e-commerce retailer and supplier of area rugs and other home décor products. Koorosh Yaraghi, founder of RugsUSA, will continue in his role as CEO and as an owner of the Company. Digital Fuel Capital
West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Lender for a $125.0 million senior secured credit facility (the “Financing”) to Acima Credit, LLC, (“Acima” or the “Company”). Acima provides creative alternatives to retail customers that cannot secure traditional financing through a proprietary point-of-sale technology platform. The Financing was
