Comvest Partners

Comvest Private Equity is pleased to announce a majority investment in Riccobene Associates Family Dentistry, a leading regional dental services organization (DSO), in partnership with its Founder and Chief Executive Officer, Dr. Michael Riccobene, DDS. Riccobene supports a growing network of 62 multi-specialty dentistry clinics across North Carolina, Virginia and South Carolina that provide comprehensive general and specialty dental services. Riccobene is Comvest Private Equity’s 14th healthcare services platform investment. Read more: https://lnkd.in/ecJpx3Cg

Comvest Credit Partners is pleased to announce that it is serving as a lender in a $450 million senior secured NAV facility for a private investment management firm focused on growth equity investments in specialty finance, financial services, healthcare and industrials companies. The NAV facility will be used to provide liquidity and fund follow-on investments. Read more about our specialty finance sector focus: https://lnkd.in/eMZn8dBH

Comvest Credit Partners is excited to welcome Kevin Blitz as a Managing Director. Kevin is responsible for originating, structuring and managing debt investments across Comvest’s targeted investment industries with a primary focus on the healthcare sector. He is based in Comvest’s Chicago office. Read more: https://lnkd.in/gvhEsPdu

Comvest Credit Partners is pleased to announce that it is acting as Administrative Agent on an upsized and amended $218 million senior secured credit facility for Purchasing Power, an Atlanta-based provider of voluntary employee benefits. The financing marks the third upsize Comvest has supported for Purchasing Power since 2016. Read more: https://lnkd.in/e8dhBePV

Comvest Partners is pleased to announce that our Comvest Special Opportunities strategy has led a $60 million preferred equity investment in The Townsend Group. The financing supported the acquisition of the company by an investor group led by The Riverside Company and Townsend management.

Comvest Credit Partners is pleased to announce the recent closing of its debut Collateralized Loan Obligation, Comvest 2024-1 CLO (“Comvest CLO”), at $500 million. Comvest CLO is rated by Standard & Poor’s and collateralized by a diversified portfolio of senior secured loans, originated and managed by Comvest. Comvest is the first debut issuer of a middle-market U.S. CLO in 2024. Read more here: https://lnkd.in/e4TEvT64

Comvest Partners is pleased to announce the promotions of three key leaders of Comvest Credit Partners, our direct lending investment platform. Robert O’Sullivan has been appointed as Chief Executive Officer; Jason Gelberd as Chief Operating Officer; and Greg Reynolds as Chief Investment Officer, effective immediately. With these appointments, Michael Falk, Comvest’s Founder and Chief Executive Officer, assumes the role of Executive Chairman. Read more here: https://lnkd.in/eDWfStaD

Comvest Credit Partners is pleased to announce that it is acting as Joint Lead Arranger and is the co-Administrative Agent alongside Sagard on a $415 million senior secured credit facility for WildBrain Ltd. (TSX: WILD), a global media leader in kids' and family entertainment. The financing, from a group of private lenders, will be used to refinance existing debt and repay debentures. Read more here: https://lnkd.in/eEmyHEk9

Comvest Credit Partners is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a senior secured credit facility to support the acquisition of TFS by Southfield Capital. TFS is a leading independent provider of turnkey fleet management services for material handling assets such as forklifts and automated guided vehicles. Read more here: https://lnkd.in/gEXcbaVJ

Comvest Credit Partners is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a $153 million senior secured credit facility for Pro Food Solutions, a Richmond, Calif.-based distributor and supplier of food products to the U.S. military market. The financing supports a dividend recapitalization of the business, as well as organic and acquisitive growth. Read more here: https://lnkd.in/eH_i8M7b