July 29, 2008
The ComVest Group, through its Debt Fund, ComVest Capital, has provided $17m in financing through a one-stop-shop credit facility consisting of a senior revolver, term loan and a purchase order finance facility. Emerging Markets Communications, Inc. (EMC) is a premier provider of integrated comprehensive satellite communications solutions in some of the most isolated and deprived
July 18, 2008
Kennett Square, PA based HWI Partners, LLC announces the acquisition of Custom Cable Industries, Inc from global office furniture leader, Steelcase Inc. (SCS). The transaction was completed on July 15, 2008. The transaction was funded with a combination of equity, seller financing and a $14m one stop financing provided by ComVest Capital. “We see tremendous
July 10, 2008
Chalfont, PA. ClearPoint Business Resources, Inc. (Nasdaq: CPBR), a provider of innovative workforce management solutions, today announced it has obtained new capital of $12 million from ComVest Capital, LLC (“ComVest”) in the form of a $9 million term loan (before an original issue discount of $1 million) and a $3 million revolving credit facility. In
May 19, 2008
Brampton, Ontario. Atlantis Systems Corp. (TSX:AIQ), announced that it has completed one stop shop debt financing with ComVest Capital of West Palm Beach, Florida. The arrangement provides up to $6.6 million of financing in the form of a secured term loan in the amount of $2.6 million and a secured revolving line of credit of
February 23, 2008
West Palm Beach, Florida, February 22, 2008 – The ComVest Group, through its Debt Fund, ComVest Capital, has provided $10.2 Million in financing in the form of two term loans and a revolving line of credit to Crdentia Corp. (OTC: CRDT) (“Crdentia”). The proceeds from the transaction will be used to repay existing liabilities and
December 21, 2007
West Palm Beach, Florida, December 2007 – The ComVest Group has provided $6 Million in financing in the form of a convertible term loan and a revolving line of credit to Aftersoft Group Inc. (OTCB:ASFG) (“Aftersoft”). The proceeds from the transaction will be used to fund acquisitions, repay existing debt and liabilities, and for working
November 30, 2007
West Palm Beach, Florida, November 2007 – The ComVest Group has provided a $7.8 Million revolver and term loan to Lighting Components and Design, Inc (“LC&D”), a leading manufacturer of specialty lighting components. The proceeds from the transaction will be used for growth and working capital purposes. ComVest anticipates that LC&D is in a great
September 28, 2007
West Palm Beach, Florida, September 2007 – The ComVest Group, through its Non-Control Fund, ComVest Capital, LLC, has provided a $15 Million revolving line of credit to Western Forge Corporation, a wholly owned subsidiary of MW Universal Inc. which manufactures popular brand hand tools including Craftsman and Snap On. The proceeds from the transaction will
August 31, 2007
West Palm Beach, Florida, September 2007 – The ComVest Group, through its Non-Control Fund, ComVest Capital, LLC, has provided an $8.0 Million revolver and term loan to Groupware International Inc. (“Groupware”), a leading cable installation contractor. The proceeds from the transaction will be used to repay debt and expand services into new markets. The transaction
July 30, 2007
West Palm Beach, Florida, July 2007 – The ComVest Group, through its Non-Control Fund, ComVest Capital, LLC, has provided a $8.5 Million term loan and revolving lines of credit to Fonon Technology International (“Fonon” or “FTI”), manufacturer of laser system equipment. The proceeds from the transaction will be used to provide funds for the retirement