West Palm Beach, Florida, December 2008 – The ComVest Group, through ComVest Investment Partners III, LP., has made an investment in a newly formed company to acquire, through a section 363 bankruptcy sale, certain assets of TWL Corporation. The Company, based in Carrollton, Texas, provides its content to approximately 2,000 clients and owns one of
The ComVest Group, through its Debt Fund, ComVest Capital, has provided $10 million in financing to Rave LLC, a leading supplier of advanced process solutions to the Semiconductor and Photomask Industries. The financing was structured as a $6 million senior working capital revolver and a $4 million purchase order finance line. About RAVE LLC Since
The ComVest Group has invested $20.3 million in AirTran Holdings (NYSE: AAI), a leading low fare airline headquartered in Orlando, Florida. The investment was made in the form of a $3.5 million Convertible Term Note and $16.8 million in Common Equity. AirTran is one of the largest airlines in the United States in terms of
The ComVest Group (“ComVest”), a leading West Pam Beach based private investment firm announced today that it has successfully raised $335 Million on behalf of ComVest Investment Partners III, L.P. (the “Partnership” or “ComVest III”). The Partnership held its final closing on May 30, 2008, with aggregate commitments totaling $335 million. The Limited Partners of
West Palm Beach, Florida, December 2007 – The ComVest Group has acquired Southern Comfort Conversions (“Southern Comfort”). The largest vehicle converter in the United States, the Company has both strategic alliances with automobile manufacturers, particularly General Motors, and a large dealer distribution network. Through its alliance with GM, the Company has recently secured exclusive contracts
West Palm Beach, Fl., November 1, 2007 – ComVest’s portfolio company, Averion International Corp. (OTC:AVRO) (“Averion”), today announced that it has acquired Hesperion AG (“Hesperion”), a Swiss-based, international, full-service, clinical research organization (CRO), from its parent company, Cerep SA. The €25.0 million (approximately $36.2 million) acquisition purchase price included an upfront cash payment of €20.0
West Palm Beach, Florida, October 2007 – The ComVest Group, through its Control Fund, ComVest Investment Partners III, LP, has acquired Hi-Way Equipment Company (“Hi-Way”) for $17.25 million. ComVest has also acquired the plant and inventory from which Hi-Way conducts its operations. About Hi-Way Hi-Way is based in Houston, Texas, and is a multi-line dealer
ATLANTA–Sept. 5, 2007–CDC Software, a wholly owned subsidiary of CDC Corporation (NASDAQ: CHINA) and a provider of industry-specific enterprise software applications and business services, announced today that it has entered into a definitive agreement to acquire a portfolio company of ComVest, Milwaukee-based Catalyst International, a leading provider of supply chain execution solutions and services. With
West Palm Beach, Fl, May 2007- The ComVest Group announced that its portfolio company, CorVu Corporation, an innovative provider of Business Intelligence and Performance Management software solutions, has been acquired by Rocket Software, Inc. in a transaction valued at $24.5 million. About CorVu Corporation A pioneer in Balanced Scorecard software and reporting dashboards, CorVu has
WEST PALM BEACH, FL–Apr 25, 2007 — ComVest Group Holdings, LLC announced today that it has entered into a definitive agreement with EVCI Career Colleges Holding Corp. (NasdaqCM:EVCI – News) and participating management of EVCI that will provide gross proceeds to EVCI of $10,100,000 and the ability to secure letters of credit of up to
