WEST PALM BEACH, FL – The Comvest Group (“Comvest”), through its Debt fund, Comvest Capital II L.P., has provided a $10 million second lien term loan to Adayana, Inc. The proceeds were used to fund growth initiatives and refinance existing indebtedness. Greg Reynolds, Managing Director of Comvest Capital Advisors, said “the e-learning space is an industry Comvest knows well. We are pleased to have the opportunity to partner with both Kubera Partners and an experienced and talented management team led by Mike Jackson.”
Adayana, an Indianapolis based company, is a leading provider of outsourced training services, including e-learning and classroom-based custom course design to the Food & Agriculture, Automotive, Healthcare, and Government sectors. The company focuses on efficient human capital development to accelerate its customers’ organizational success. For more information about Adayana, please visit www.adayana.com.
The Comvest Group is a leading private investment firm focused on providing debt and equity capital to lower middle-market companies. Our firm includes seasoned, senior level operating executives at all levels who partner with managers and owners of companies to grow businesses and create long-term value. Since 1988, Comvest has invested more than $2 billion of capital in over 200 public and private companies. For more information, please visit www.comvest.com.
For more information about this transaction contact Robert O’Sullivan at (561) 727-1740 or Louis Colosimo at (212) 829-5880.