Direct Lending News

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    ComVest has Provided $5 Million in Financing for Controlled Semiconductor, Inc.

    West Palm Beach, Florida, December 2006 – The ComVest Group has provided a $5 Million senior, secured revolving loan for Controlled Semiconductor, Inc. ComVest anticipates that the revolving note will foster Controlled Semiconductor’s growth, enabling the company to decrease the time it takes for the building and delivery of products and permitting more competitive delivery

    ComVest Provides $7.85 Million in Senior Debt Financing to Unify Corporation

    West Palm Beach, Florida, November 21, 2006 – The ComVest Group announced that it has provided $7.85 million in senior debt financing, through its non-control fund, ComVest Capital, to Unify Corporation (“Unify”) (OTC: UNFY.OB). Unify will use the proceeds to acquire Gupta Technologies, LLC (“Gupta”) from Halo Technology Holdings, Inc. (“Halo”). The financing is secured

    ComVest Provides $4 Million Long-Term Debt Financing to Alanco Technologies, Inc.

    West Palm Beach, Florida, October 3, 2006 – The ComVest Group, through its non-control investment fund, ComVest Capital, announced it will provide a $4.0 M term loan to Alanco Technologies, Inc. (NASDAQ: ALAN), to repay short-term notes and provide working capital to fund operations. Headquartered in Scottsdale, AZ, Alanco is a leading provider of wireless