West Palm Beach, Fla. – Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that it has completed the sale of Robbins Brothers, a high-end jewelry retailer primarily serving the bridal market, to the Robbins Brothers executive management team, Main Street Capital Corporation (NYSE:MAIN), and other co-investors. Robbins Brothers had been a platform company in Comvest’s private equity portfolio.

Robbins Brothers, with more than a century of operating history, is a leading independent regional bridal jeweler that offers its customers the highest quality diamond engagement rings, wedding bands, settings, and fashion jewelry. During its partnership with Comvest, Robbins Brothers built out a high-performing professional executive team, scalable jewelry platform, and deep operational infrastructure.

“It has been a tremendous experience partnering with President and CEO Marc Friedant and the rest of the Robbins Brothers management team to build one of the nation’s premier jewelry retailers,” said Tom Clark, Senior Partner at Comvest.

Krishna Bhadriraju, Vice President at Comvest, added, “Robbins Brothers continues to differentiate in the bridal space through a strong brand identity driven by positive and meaningful in-store customer experiences, exceptional service, and an impressive breadth of high-quality jewelry products.”

“Our partnership with Comvest has played a pivotal role in the professionalization of our business, helping deliver strong growth as we broadened our product offering, invested in our stores, and scaled very profitably,” said Mr. Friedant. “We are excited about our new partnership with Main Street Capital, which we are confident will enable our next phase of growth.”

Duff & Phelps, A Kroll Business, and Capstone Partners acted as financial advisors, and McDermott Will & Emery LLP acted as legal advisor to Robbins Brothers.

About Robbins Brothers

Headquartered in Azusa, California, Robbins Brothers operates 15 retail jewelry stores in California, Texas, Washington, Arizona and online, primarily in the bridal segment. With over a 100-year operating history, the company provides extensive product education, exceptional quality and value and steadfast commitment to its customers. Its focus on bridal jewelry allows Robbins Brothers to deliver an unparalleled selection of styles including an extensive range of exclusive private label and designer collections. For more information, please visit www.robbinsbrothers.com

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the United States. Since its founding in 2000, Comvest Partners has invested over $7.1 billion. Today, Comvest Partners has approximately $6.5 billion in assets under management. Through its extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit www.comvest.com

West Palm Beach, Fla. – Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing an $80 million senior secured credit facility (the “Financing”) to P.J. Whelihan’s Restaurant Group, (“PJW”), a Haddonfield, N.J.-based restaurant operator. The Financing was used to support the acquisition of PJW by Garnett Station Partners.

Founded in 1983, PJW owns 26 restaurants across six brands in Pennsylvania and New Jersey. The majority operate as P.J. Whelihan’s Pub and Restaurant, a chain of American bar-and-grill-themed sports bars with 19 locations. PJW’s other dining concepts, which range from casual Italian to high-end steakhouse eateries, include The Pour House, Treno Pizza Bar, The ChopHouse, The ChopHouse Grille, and Central Taco and Tequila.

“Comvest is excited to support PJW’s growing family of popular restaurant brands. All focus on great food, an inviting ‘neighborhood feel,’ and community impact,” said Nick McClelland, Principal, at Comvest. “We leveraged Comvest’s considerable expertise and resources in the restaurant sector to structure a flexible financing solution, enabling PJW to capitalize on organic and inorganic growth opportunities in its continued expansion.”

“PJW represents another successful transaction between Comvest and Garnett Station Partners in the restaurant space, a sector to which Comvest remains committed and active,” said Dan Lee, Partner, at Comvest. “We look forward to further building our relationship in support of PJW’s continued growth.”

P.J. Whelihan’s Pub and Restaurant has been recognized as one of America’s top 50 emerging restaurant chains with under 50 locations by FSR Magazine, which covers the full-service restaurant industry.

About P.J. Whelihan’s Restaurant Group:                                                                     

P.J. Whelihan’s Restaurant Group operates 26 locations in the South Jersey and Pennsylvania area, including 19 P.J. Whelihan’s Pub & Restaurants, known for its many delicious flavors of PJ’s famous wings, burgers, salads and friendly service that makes you feel like a part of the family. For more information, please visit www.pjwrg.com

About Garnett Station Partners:

Garnett Station Partners (“GSP”) is a principal investment firm founded in 2013 by Matt Perelman and Alex Sloane. GSP partners with experienced and entrepreneurial management teams and strategic investors to build value for its portfolio of growth platforms. For more information, please visit www.garnettstation.com

About Comvest Credit Partners:

Comvest Credit Partners focuses on providing flexible financing solutions to middle-market companies. Comvest provides senior secured, unitranche, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $25 million to $200 million-plus for companies with revenues greater than $20 million.  Comvest has offices located in West Palm Beach, Chicago and New York. For more information, please visit www.comvest.com/direct-lending/

About Comvest Partners:

Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $7.1 billion. Today, Comvest Partners has approximately $6.5 billion of assets under management. Through extensive capital resources and a broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit www.comvest.com

West Palm Beach, Fla. – Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce the acquisition of OAK Digital LLC (“OAK Digital”) by Gen3 Marketing, LLC (“Gen3”). Gen3, an industry-leading multinational digital marketing services firm specializing in affiliate marketing, is a platform company in Comvest’s private equity portfolio.

Founded in 2015, OAK Digital is a fast-growing digital marketing services firm that provides end-to-end affiliate services, including strategy formulation, content publisher recruitment, and management and analytics, to direct-to-consumer companies across a broad spectrum of retail industries.

“Comvest is pleased to support Gen3 in an important acquisition that further extends its market leadership,” said Maneesh Chawla, Senior Partner, at Comvest. “OAK Digital is a rapidly growing company and a strong strategic fit for Gen3, bringing a top-ranked affiliate marketing program with complementary capabilities, new distribution channels, and a long-tenured team committed to driving strong performance results for its clients.”

“We are all very excited about the opportunities generated by the combined capabilities of both firms,” said Greg Barnes, Vice President, at Comvest. “We remain focused on the continued growth of Gen3, both organically and through acquisitions of other leading digital marketing services companies that continue to expand its affiliate marketing solution, customer base and geographic reach.”

Comvest invested in Gen3 earlier in 2021. One of the largest agencies in the $8 billion U.S. affiliate marketing industry, Gen3 manages the affiliate and digital marketing programs of leading online businesses spanning diverse end markets including financial services, health and wellness, apparel and accessories, and home and garden. In addition to a complete affiliate solution, Gen3 offers broader services such as paid search, Amazon advertising, and SEO, to drive e-commerce. Headquartered in Blue Bell, Penn., Gen3 also maintains operations in Santa Barbara, Calif., Canada, and the United Kingdom, and employs personnel spanning six continents worldwide.

About Gen3 Marketing

Gen3 Marketing is an industry-leading, full-service digital marketing services provider specializing in affiliate marketing. For more information, please visit www.gen3marketing.com

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the U.S. Since its founding in 2000, Comvest Partners has invested over $7.1 billion. Today, Comvest Partners has approximately $6.5 billion of assets under management. Through its extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit www.comvest.com

West Palm Beach, Fla. – Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a senior secured credit facility to support the carve-out of Avera eCare from Avera Health by Aquiline Capital Partners, a private investment firm. The new company, called Avel eCare, is a national leader in delivering telemedicine care.

Based in Sioux Falls, S.D., Avel eCare is among the world’s largest virtual care providers, delivering two-way video telehealth care to a variety of healthcare facilities, including health systems, rural hospitals, critical care units, outpatient clinics, and long-term facilities. Avel eCare also partners with rural organizations to provide underserved communities with a variety of virtual healthcare services, such as chronic care management, cardiology, annual check-ups, behavioral health, and wellness checks.

“Avel eCare is an exciting company with a meaningful offering and strong continued growth potential,” said Tom Goila, a Partner at Comvest. “We are pleased to contribute Comvest’s significant investment expertise in recurring-revenue businesses in the healthcare and technology sectors in structuring a highly customized, needs-responsive facility that will enable Avel eCare to rapidly expand the business. We look forward to our partnership with Aquiline Capital Partners to support Avel eCare in delivering world-class telehealth services to its customers.”

About Avel eCare:

Avel eCare is one of the largest and most comprehensive virtual care providers in the world – partnering with more than 600 health care systems, rural hospitals, outpatient clinics, long-term care facilities, assisted livings, and schools to deliver innovative care in communities across the country. For more information, please visit www.avelecare.com

About Aquiline Capital Partners:

Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in companies across financial services and technology, business services, and healthcare industries. The firm had $6.9 billion in assets under management as of June 30, 2021. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit www.aquiline.com

About Comvest Credit Partners:

Comvest Credit Partners focuses on providing flexible financing solutions to middle-market companies. Comvest provides senior secured, unitranche, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $25 million to $200 million-plus for companies with revenues greater than $20 million.  Comvest has offices located in West Palm Beach, Chicago and New York. For more information, please visit www.comvest.com/direct-lending    

About Comvest Partners:

Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $7.1 billion. Today, Comvest Partners has approximately $6.5 billion of assets under management. Through extensive capital resources and a broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit www.comvest.com

West Palm Beach, Fla. – Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce a strategic investment in Renovation Brands, a multi-brand e-commerce platform of home improvement products. Renovation Brands becomes the third direct-to-consumer e-commerce company in Comvest’s private equity portfolio, and its sixth platform in a home-related category. In the transaction, Comvest partnered with Renovation Brands’ founder, Rick Morse; Digital Fuel Capital, a private investment firm and existing investor; and members of the management team. Financial terms were not disclosed.

Founded in 2002, Renovation Brands is a pioneer in the online home improvement products sector. The company, led by Marc Sieger, Chief Executive Officer, operates a platform of 11 distinct e-commerce destinations spanning categories such as kitchen and bath, decorative finishes, and hearth and patio. Renovation Brands serves consumers as well as professionals, including builders, architects, designers, and property managers, in residential and commercial projects.

“Renovation Brands innovated the online home improvement buying experience in the categories it serves,” said Tom Clark, a Senior Partner at Comvest. “We are thrilled to partner with such a talented and visionary management team. Years ago, they saw the great potential of a scalable family of category-leading home renovation brands sold directly to consumers and differentiated through product specialization, product expertise, and superior customer experience.”

With a broad selection of products, a customized digital buying experience, more than 45,000 customer reviews, in-house expert product support, and direct-to-consumer fulfillment, Renovation Brands is a trusted, go-to source for home renovation needs. Its product portfolio includes kitchen cabinets; sinks, counters and vanities; air registers and baseboard covers; decorative ceiling tiles; and electric fireplaces and fireplace mantels.

“Both do-it-yourself consumers and construction and design professionals are increasingly comfortable making home improvement purchases online,” said Kevin LaHatte, a Partner at Comvest Partners. “Renovation Brands is at the forefront of facilitating this trend with a seamless purchasing experience. We look forward to supporting management in expanding Renovation Brands through organic growth and continued acquisitions of leaders in other home improvement categories.”

“Renovation Brands is excited to partner with Comvest,” said Mr. Sieger. “Comvest brings unique experience supporting management teams in building market-leading companies in industry segments rapidly transitioning to online purchasing. We look forward to Comvest’s resources and significant operational and capital markets expertise in our next phase of expansion.”

In addition to Renovation Brands, Comvest’s other current or former portfolio companies in the direct-to-consumer e-commerce space include BEL USA (d.b.a. discountmugs.com), an online retailer of customized promotional products, and Rugs USA (d.b.a. RugsUSA.com), a leading online retailer of area rugs and other home décor products. Several other of Comvest’s platforms serve various niche home-related markets: Lasko, North America’s leading provider of home environment products; Old Time Pottery, a value retailer of home décor products; and Spinrite, North America’s leading craft yarn company.

Houlihan Lokey acted as financial advisor to Renovation Brands in connection with the transaction. Baird served as financial advisor and McDermott Will & Emery served as legal advisor to Comvest. Financing for the transaction was provided by Barings LLC.

About Renovation Brands

Renovation Brands is a leading digitally native, multi-brand e-commerce platform of home improvement products serving consumers and professionals in the residential and commercial renovation space. Renovation Brands is currently comprised of multiple specialty e-commerce brands including American Tin Ceilings, Reggio Register, Electric Fireplaces Direct, Mantels Direct, Electric Fireplaces Canada, Baseboarders, RTA Cabinet Store, DecorPlanet.com, Trueform Concrete, Blendhouse, and Kitchen Design Pros. For more information, please visit www.renovationbrands.com

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the U.S. Since its founding in 2000, Comvest Partners has invested over $7.1 billion. Today, Comvest Partners has approximately $6.5 billion in assets under management. Through its extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit www.comvest.com

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 area rugs and other home décor products. Comvest will remain a significant investor in the business. Terms of the transaction were not disclosed.

Founded in 1998, Rugs USA sells its extensive selection directly to consumers through its website, www.rugsusa.com, and through online marketplaces. The New York City-based company curates approximately 20,000 products to suit every design need and budget, offering a broad in-stock selection, an engaging site shopping experience, and a seamless fulfillment experience that make decorating enjoyable, easy and affordable.

“It has been a great pleasure partnering with founder Koorosh Yaraghi to rapidly scale Rugs USA. CEO Vidya Jwala and the rest of Rugs USA’s talented management team continue to drive tremendous growth in the business,” said Tom Clark, Senior Partner, at Comvest. “Together, we made meaningful infrastructure investments that further strengthened Rugs USA’s leadership position.”

“Rugs USA marks another successful partnership with a founder- and family-owned business for Comvest,” added Kevin LaHatte, Partner, at Comvest. “Rugs USA adds to Comvest’s strong track record and expertise in driving growth via investments in people, processes, infrastructure, and systems.”

Comvest, along with its co-investor Digital Fuel Capital, supported Rugs USA in a number of initiatives, including investing in the company’s leadership team, opening two new warehouses, and implementing IT systems.

“These last years of growth have been extraordinary,” said Mr. Yaraghi. “Comvest’s investments in the business, along with its operational support and genuine partnership in pursuing our mission, helped Rugs USA successfully execute many key initiatives in a relatively short time.”

“As a result of Comvest’s partnership, Rugs USA improved our online customer experience, entered new channels, and expanded our offering. We look forward to furthering our success with Francisco Partners along with the continued support of our existing investors,” said Mr. Jwala.

Evercore and Financo | Raymond James acted as financial advisors, and McDermott Will & Emery LLP provided legal representation to Rugs USA.

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the United States. Since its founding in 2000, Comvest Partners has invested over $6.1 billion. Today, Comvest Partners has approximately $5.4 billion in assets under management. Through its extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit www.comvest.com.

About Rugs USA

A pioneering e-commerce leader in the area rug industry since 1998, Rugs USA is dedicated to bringing consumers high-quality area rugs and other home decor products from around the world at attractive values. The Company’s expansive selection, compelling website shopping experience, leading value, and rapid fulfillment create a seamless buying experience for the customer. For more information, please visit www.rugsusa.com.

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 in 2007 by co-Chief Executive Officers Andy Cantos and Mike Tabasso, Gen3 is one of the largest agencies in the $8 billion U.S. affiliate marketing industry. Gen3 manages the affiliate and digital marketing programs of leading online retailers spanning diverse end markets, including financial services, health and wellness, apparel and accessories, and home and garden. Headquartered in Blue Bell, Penn., Gen3 also maintains operations in Santa Barbara, Calif., Canada and the United Kingdom, providing clients throughout North America and Europe with a complete affiliate marketing solution as well as broader digital marketing services, including paid search, Amazon advertising, and SEO, to drive e-commerce.

“We are excited to partner with Gen3 and support an impressive team of pioneers in digital affiliate marketing,” said Maneesh Chawla, Senior Partner at Comvest Partners. “With consumers spending more time online, digital strategies represent a steadily growing share of advertisers’ overall marketing spend. Affiliate marketing has become an increasingly popular and important channel allowing advertisers to cost-effectively convert sales through targeted content. We look forward to supporting Gen3 in accelerating the strong growth of the business.”

“Gen3 is a highly regarded strategic partner to its large roster of blue-chip clients,” Mr. Chawla added. “With its deep sector expertise, expansive publisher network, seasoned account teams and proprietary analytical tools, Gen3 skillfully executes proven strategies that drive strong e-commerce results for its customers.”

Affiliate marketing is a form of digital advertising in which e-commerce publishers of digital content – which include news and entertainment sites, review sites, blogs, and coupon and loyalty sites – are compensated to promote a company’s products and services.

“We believe Gen3 is a very well-positioned leader in a market with favorable industry trends,” said Mr. Cantos. “Comvest, with its collaborative, team-based approach and long track record of success scaling founder-led business services companies like ours, is the perfect partner to help us maximize this exciting next phase of growth.”

“We are thrilled to have the support and resources of Comvest in helping us further invest in our company, capabilities and team, and generate meaningful results for our clients in the rapidly expanding digital marketing landscape,” said Mr. Tabasso.

Lincoln International acted as financial advisor to Gen3 in connection with the transaction. Duff and Phelps, A Kroll Business, served as financial advisor and Akerman LLP served as legal advisor to Comvest. Financing for the transaction was provided by Stellus Capital Management and PennantPark Investment Advisers, LLC.

About Gen3 Marketing

Gen3 Marketing is an industry-leading, full-service digital marketing services provider specializing in affiliate marketing. For more information, please visit https://gen3marketing.com

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the U.S. Since its founding in 2000, Comvest Partners has invested over $6.7 billion. Today, Comvest Partners has approximately $5.4 billion of assets under management. Through its extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit https://comvest.com

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 investment firm, will sell its majority position to Francisco Partners and retain a minority stake in the business.  The pending transaction is expected to close later in 2021.

“RugsUSA has reinvented the rug-buying experience as the pioneer in driving area rugs and home décor purchases online. Anyone who has bought a rug from RugsUSA knows first-hand how seamless the shopping experience is. Its user-friendly online merchandising platform offers a wide selection of high quality products at attractive price points combined with rapid delivery options” said Alan Ni, who leads consumer internet investing at Francisco Partners.”

Founded in 1998, RugsUSA provides an expansive selection of area rugs and home décor products directly to consumers via www.rugsusa.com as well as through leading e-commerce marketplaces and retailers. With a curated offering of approximately 20,000 products, the company provides consumers with unmatched choice, fast shipping, and exceptional value.

“RugsUSA is dislocating the traditional retail experience, and we are excited to be partnering with the company to accelerate growth in core markets and expand into new categories and geographies,” added Christine Wang, Principal at Francisco Partners.

“We are thrilled to have Francisco Partners as a strategic partner,” said Vidya Jwala, CEO of RugsUSA. “As we continue scaling our platform, Francisco Partners has deep experience accelerating the growth of other technology and digital commerce businesses, and is the perfect partner for us as we enter the next chapter in our journey and look to expand our customer reach in the future.”

“Vidya Jwala and the rest of RugsUSA’s talented team have been outstanding partners,” said Tom Clark, Senior Partner, Comvest Partners. “RugsUSA is an industry leader poised for continued success in the home décor category domestically and internationally.”

“We partnered with Founder Koorosh Yaraghi to successfully scale the infrastructure, systems and processes of the company,” added Kevin LaHatte, Partner at Comvest Partners.  “We believe the company will continue to thrive under Francisco Partners’ ownership.”

Koorosh Yaraghi, Founder of RugsUSA, and Comvest Partners will retain a minority stake in RugsUSA.

Evercore and Financo | Raymond James acted as financial advisors and McDermott Will & Emery LLP acted as legal advisor to RugsUSA. Paul Hastings LLP acted as legal advisor to Francisco Partners. Barclays and Jefferies Finance LLC have provided committed debt financing for this transaction.

About Francisco Partners

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. With more than $25 billion in assets under management, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.  Francisco Partners has extensive experience in consumer internet, having partnered with leading companies such as GoodRx, LegalZoom, MyFitnessPal, Eventbrite, ZocDoc and more.  For more information on Francisco Partners, please visit www.franciscopartners.com.

Comvest Partners

Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the United States. Since its founding in 2000, Comvest has invested over $6.7 billion. Today, Comvest has over $5.4 billion of assets under management. Through its extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit www.comvest.com.

About RugsUSA

Since launching in 1998, RugsUSA has been dedicated to helping customers turn their houses into homes, offering a stunning array of rug styles, materials and sizes to suit every design need and budget. With an expansive selection of rugs and home décor products, attractive price points, seamless online shopping experience and best-in-class fulfillment and customer care, RugsUSA is an experienced e-commerce pioneer and rug industry leader, with over eight million rugs sold to nearly two million homes. For more information, please visit RugsUSA.com.

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, founded in 2008 and headquartered in Baltimore, Maryland, is a provider of success fee-based debt resolution services. For more information, please visit their website.

About Comvest Credit Partners

Comvest focuses on providing flexible financing solutions to middle-market companies. Comvest provides senior secured, unitranche, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $25 million to $200 million for companies with revenues greater than $20 million.  Comvest has offices located in West Palm Beach, Chicago and New York.  For more information, please visit the website.

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $6.7 billion. Today, Comvest has over $5.4 billion of assets under management. Through extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance.  For more information, please visit the website.

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

Headquartered in St Louis, MO, CareVet is a leading veterinary practice management group that focuses on managing best-in-class hospitals throughout the United States. For more information, please visit their website.

About Compass Group Equity Partners

Compass Group Equity Partners is a St. Louis-based private investment firm that partners with small to medium-sized private companies that prioritize people, values, and results. The firm was founded in 2014 to leverage the group’s experience as entrepreneurs, business owners, and executives to invest alongside owners and management teams of closely held businesses with a focus on long-term value creation. For more information, please visit the website.

About Comvest Credit Partners

Comvest focuses on providing flexible financing solutions to middle-market companies. Comvest provides senior secured, unitranche, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $25 million to $200 million for companies with revenues greater than $20 million. Comvest has offices located in West Palm Beach, Chicago, and New York. For more information, please visit the website.

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $6.1 billion. Today, Comvest Partners has approximately $5.0 billion of assets under management. Through extensive capital resources and a broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit the website.