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Private Equity
FINANCE | Lending / Commercial
comvest.com

Investments

67

Portfolio Exits

31

Funds

18

Partners & Customers

1

Service Providers

3

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the U.S. The firm offer companies financial sponsorship, critical strategic and operational support, and business development assistance. The company was founded in 2000 and is based in West Palm Beach, Florida.

Headquarters Location

525 Okeechobee Blvd Suite 1050

West Palm Beach, Florida, 33401,

United States

561-727-2000

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Latest Comvest Partners News

Comvest Credit Partners Provides Second Upsize to Above Lending; Senior Credit Facility Now $220 Million

May 17, 2023

Read full article ·2 min read WEST PALM BEACH, Fla., May 16, 2023--( BUSINESS WIRE )--Comvest Credit Partners ("Comvest"), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and Sole Lender on a $220 million senior secured credit facility (the "Financing") to Above Lending (the "Company"), a Houston-based national provider of consumer loans that has been part of Comvest’s Direct Lending portfolio since 2021. The Financing, Comvest’s second upsize, will be used toward Above Lending’s ongoing operations and continued growth. Above Lending focuses on debt settlement and debt consolidation programs that help individuals successfully pay off debt. Comvest followed its initial $50 million investment in the Company in 2021 with a $75 million upsize in 2022 and the recent $95 million additional follow-on commitment. "Above Lending is a strong performer within the specialty finance sector," said Tim Kim, a Managing Director of Comvest and head of the Specialty Finance group. "Comvest continues to actively invest in well-positioned specialty finance companies and remains committed to providing meaningful add-on capital that supports the strategic growth objectives of our investments." About Above Lending Above Lending is a consumer lending company that provides debt consolidation loan programs to eligible consumers. For more information, visit www.abovelending.com . About Comvest Credit Partners Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $25 million to $250 million-plus for companies with revenues greater than $20 million. For more information, please visit www.comvest.com/direct-lending . Story continues About Comvest Partners Comvest Partners is an operationally focused private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure, deep industry and operating expertise, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages more than $8.9 billion in assets, and has invested over $9.9 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. For more information, please visit www.comvest.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20230515005788/en/ Contacts Brenden Gallinek, Principal, Comvest Credit Partners – b.gallinek@comvest.com Alex Knowland, Vice President, Comvest Credit Partners – a.knowland@comvest.com Advertisement

Comvest Partners Investments

67 Investments

Comvest Partners has made 67 investments. Their latest investment was in J.G. Wentworth as part of their Line of Credit on February 2, 2023.

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Comvest Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/1/2023

Line of Credit

J.G. Wentworth

$30M

Yes

3

10/13/2022

Private Equity

GAI Consultants

Yes

4

9/7/2022

Private Equity - II

VanDeMark Chemical

No

3

11/22/2021

Private Equity

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10

9/21/2021

Private Equity - II

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10

Date

2/1/2023

10/13/2022

9/7/2022

11/22/2021

9/21/2021

Round

Line of Credit

Private Equity

Private Equity - II

Private Equity

Private Equity - II

Company

J.G. Wentworth

GAI Consultants

VanDeMark Chemical

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Amount

$30M

New?

Yes

Yes

No

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Co-Investors

Sources

3

4

3

10

10

Comvest Partners Portfolio Exits

31 Portfolio Exits

Comvest Partners has 31 portfolio exits. Their latest portfolio exit was Old Time Pottery on April 19, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/19/2023

Acquired

$99M

3

1/26/2023

Acq - Fin

$99M

1

12/6/2022

Acquired

$99M

4

4/5/2022

Acquired

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$99M

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10

1/13/2022

Acq - Fin - III

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$99M

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10

Date

4/19/2023

1/26/2023

12/6/2022

4/5/2022

1/13/2022

Exit

Acquired

Acq - Fin

Acquired

Acquired

Acq - Fin - III

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

1

4

10

10

Comvest Partners Acquisitions

32 Acquisitions

Comvest Partners acquired 32 companies. Their latest acquisition was Flash Global on December 14, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/14/2022

$99M

Acq - Fin

1

12/13/2022

$99M

Acq - Fin

1

7/3/2018

$99M

Acq - Fin - II

1

3/28/2018

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$99M

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10

3/8/2018

Debt

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$99M

$99M

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10

Date

12/14/2022

12/13/2022

7/3/2018

3/28/2018

3/8/2018

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

Acq - Fin

Acq - Fin - II

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Sources

1

1

1

10

10

Comvest Partners Fund History

18 Fund Histories

Comvest Partners has 18 funds, including Comvest Credit Partners V International.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/3/2020

Comvest Credit Partners V International

$573.08M

3

6/2/2020

Comvest Credit Partners V International (Cayman)

$573.08M

1

6/2/2020

Comvest Credit Partners V

Private Debt (Other)

Open

$573.08M

1

5/14/2020

Comvest Credit Partners V (Luxembourg) Intermediate Fund

$99M

10

4/14/2020

Comvest Strategic Growth Fund

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$99M

10

Closing Date

6/3/2020

6/2/2020

6/2/2020

5/14/2020

4/14/2020

Fund

Comvest Credit Partners V International

Comvest Credit Partners V International (Cayman)

Comvest Credit Partners V

Comvest Credit Partners V (Luxembourg) Intermediate Fund

Comvest Strategic Growth Fund

Fund Type

Private Debt (Other)

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Status

Open

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Amount

$573.08M

$573.08M

$573.08M

$99M

$99M

Sources

3

1

1

10

10

Comvest Partners Partners & Customers

1 Partners and customers

Comvest Partners has 1 strategic partners and customers. Comvest Partners recently partnered with iLEVEL Solutions on October 10, 2014.

Date

Type

Business Partner

Country

News Snippet

Sources

10/2/2014

Vendor

United States

Comvest Partners selects iLEVEL for portfolio monitoring

Comvest Partners has selected the iLEVEL to monitor and analyze portfolio performance .

3

Date

10/2/2014

Type

Vendor

Business Partner

Country

United States

News Snippet

Comvest Partners selects iLEVEL for portfolio monitoring

Comvest Partners has selected the iLEVEL to monitor and analyze portfolio performance .

Sources

3

Comvest Partners Service Providers

4 Service Providers

Comvest Partners has 4 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin - II

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acq - Fin - II

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Comvest Partners Team

10 Team Members

Comvest Partners has 10 team members, including current Chief Administrative Officer, Michael Altschuler.

Name

Work History

Title

Status

Michael Altschuler

Emergent Capital, UBS Investment Bank, and Latham & Watkins

Chief Administrative Officer

Current

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Name

Michael Altschuler

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Work History

Emergent Capital, UBS Investment Bank, and Latham & Watkins

Title

Chief Administrative Officer

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Status

Current

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