West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $40 million senior credit facility in addition to making an equity investment in Ojos Locos, LLC (“Ojos Locos” or the “Company”). “We are excited to partner with Comvest as we position our Company for our
WEST PALM BEACH, FL, – Comvest Partners (“Comvest”) is pleased to announce its investment in Spinrite LP (“Spinrite” or the “Company”), a leading North American craft company and provider of craft knitting yarns. JW Levin Management Partners (“JWLMP”) also co-invested in the transaction and will work with Comvest as executive partners. The company, headquartered in
WEST PALM BEACH, FL. – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and lender in providing a $24.0 million Senior Term Loan (the “Financing”) to Vintage Stock Inc. (“Vintage Stock” or the “Company”), a discount specialty entertainment retailer and subsidiary of Live Ventures Incorporated (NASDAQ:LIVE). The Financing was used primarily to refinance/paydown certain
WEST PALM BEACH, FL. – Comvest Partners, through its lending strategy, Comvest Capital (“Comvest”), has acted as administrative agent in a new $30.0 million senior secured credit facility for ClearOne Advantage (“ClearOne” or the “Company”), a debt resolution services provider. The financing was used to repay existing debt and fund ongoing working capital needs. “We are
WEST PALM BEACH, FL. – Comvest Partners (“Comvest”) is pleased to announce an investment in RugsUSA (or “the Company”), a leading e-commerce retailer and supplier of area rugs and other home décor products. Koorosh Yaraghi, founder of RugsUSA, will continue in his role as CEO and as an owner of the Company. Digital Fuel Capital
West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Lender for a $125.0 million senior secured credit facility (the “Financing”) to Acima Credit, LLC, (“Acima” or the “Company”). Acima provides creative alternatives to retail customers that cannot secure traditional financing through a proprietary point-of-sale technology platform. The Financing was
West Palm Beach, FL. – Comvest Partners (“Comvest”) is pleased to announce that Sarah Robson and Andrew Nicoletti have joined the firm as Vice Presidents of Business Development. Ms. Robson and Mr. Nicoletti will be responsible for new deal origination and qualification, and continuing to build Comvest’s network of intermediaries and other transaction sources. “Sarah and
Iron Mountain, MI. & West Palm Beach, FL. – Systems Control (or “the Company”), a best-in-class designer and manufacturer of customized, highly engineered control panels and electrical substation equipment enclosures for the transmission and distribution industry, today announced that Comvest Partners (“Comvest”) has acquired the Company. Founded in 1962 and headquartered in Iron Mountain, Michigan,
West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Documentation Agent and Lender in a $169.5 million senior secured credit facility (the “Financing”) to American Physician Partners, LLC (“APP” or the “Company”), a company backed by APP’s management team and BBH Capital Partners (“BBHCP”). APP provides hospitals with an outsourced emergency department
West Palm Beach, Fl. – Comvest Credit Partners (“Comvest”) acted as Administrative Agent and sole lender for a C$30 million Delayed Draw Term Loan Facility to Merchant Advance Capital (“Merchant” or the “Company”), a provider of alternative financing solutions to small businesses in Canada. The proceeds were used to refinance existing debt and provide growth
