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.
Since 2001, RAVE has been recognized as the industry leader in advanced photomask repair with products that include high-speed laser and precision nanomachining systems designed for the accurate removal of defects on >=32nm photomasks. With the introduction of the new Rhazer™ Haze Removal System, RAVE is once again pioneering another breakthrough in advanced equipment technology that is expected to bring enormous cost savings to Semiconductor wafer fabricators around the World.