Investments
67Portfolio Exits
31Funds
18Partners & Customers
1Service Providers
3About 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.
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Latest Comvest Partners News
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.
Comvest Partners Investments Activity
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 | |||||
9/21/2021 | Private Equity - II |
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 | ||
Amount | $30M | ||||
New? | Yes | Yes | No | ||
Co-Investors | |||||
Sources | 3 | 4 | 3 |
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 | 3 | |||
1/26/2023 | Acq - Fin | 1 | |||
12/6/2022 | Acquired | 4 | |||
Date | 4/19/2023 | 1/26/2023 | 12/6/2022 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acq - Fin | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 | 1 | 4 |
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 | Acq - Fin | 1 | ||||
12/13/2022 | Acq - Fin | 1 | ||||
7/3/2018 | Acq - Fin - II | 1 | ||||
3/28/2018 | ||||||
3/8/2018 | Debt |
Date | 12/14/2022 | 12/13/2022 | 7/3/2018 | 3/28/2018 | 3/8/2018 |
|---|---|---|---|---|---|
Investment Stage | Debt | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acq - Fin | Acq - Fin | Acq - Fin - II | ||
Sources | 1 | 1 | 1 |
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 | ||||
4/14/2020 | Comvest Strategic Growth Fund |
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) | ||||
Status | Open | ||||
Amount | $573.08M | $573.08M | $573.08M | ||
Sources | 3 | 1 | 1 |
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 | |
Service Provider | |||
|---|---|---|---|
Associated Rounds | Acq - Fin - II | ||
Provider Type | Investment Bank | ||
Service Type | Financial Advisor |
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 |
Name | Michael Altschuler | ||||
|---|---|---|---|---|---|
Work History | Emergent Capital, UBS Investment Bank, and Latham & Watkins | ||||
Title | Chief Administrative Officer | ||||
Status | Current |
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