West Palm Beach, FL, December, 2012 – Comvest Partners, through its debt fund, Comvest Capital II L.P., has provided a $20,000,000 Term Loan to DFG2, LLC (“DFG2” or the “Company”) to refinance existing debt. DFG2 performs accounts receivables collections and other business process outsourcing services for blue chip companies. The Company is headquartered in Atlanta, GA and has operations in the U.S., U.K., India and Costa Rica.
Karan Negi, DFG2 President of US Operations, said “Comvest worked diligently to understand our business model and the ways in which we differentiate our service offering. We are pleased to partner with Comvest and look forward to a great relationship.”
Comvest Partners Principal Jared Grigg said “We are impressed with the DFG2 operations and their exceptional performance over many years. The team at HandsOn Ventures has built a strong Company and assembled a talented management team that will allow DFG2 to prosper.”
DFG2 is a provider of finance and accounting services, including full cycle accounts receivable management services, end-to-end motor and health insurance services, and customer interaction management services. The Company’s footprint spans the U.S., U.K., India and Costa Rica with a dedicated base of over 1,200 associates servicing blue chip companies through its best-in-class, cost efficient global platform.
Comvest Partners, with $1.1 billion of assets under management, provides flexible financing solutions to lower middle-market companies through its equity and debt funds, often meeting time-critical and complex funding requirements. Our firm includes seasoned, senior level operating executives who partner with managers and owners of companies to operationally improve businesses and create long-term value. Since 2000, Comvest has invested more than $1.6 billion of capital in over 110 public and private companies. Please visit www.comvest.com.