Comvest Credit Partners Provides Debt Financing to Support Merger of Opexus and Casepoint and Majority Investment from Thoma Bravo
Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a senior secured credit facility (the 'Financing') to support the merger of Opexus and Casepoint (together, the 'Company'), providers of software technology services to the federal government. The Financing also supported the majority investment in the Company from private equity firm Thoma Bravo.
Opexus is a leading provider of process management software for federal government agencies. Casepoint is the industry leader in data discovery technology for litigation, investigations, and data compliance for the federal government and regulated commercial industries. The merger creates a leading provider of data discovery and process management software services for government and regulated enterprises in North America.
'Opexus and Casepoint are high-quality providers of essential data services that have built strong brands in the government technology space,' said Brian Cercek, a Managing Director and Co-Head of Software & Technology Services at Comvest Credit Partners. 'This transaction highlights our ability to provide flexible credit financing solutions that support high recurring revenue businesses within the software vertical, an area of continued investment focus.'
'We are pleased to agent our first transaction with Thoma Bravo, a widely recognized software technology investment sponsor, and look forward to further developing our relationship in support of Opexus and Casepoint and other opportunities in the software technology space,' said Kamau Hixon, a Principal at Comvest Credit Partners.
'Comvest Credit Partners worked efficiently on a tight timeline and were easy to partner with. They effectively addressed our financing need as we established an innovative process management and discovery platform,' said Matt Gilbert, a Managing Director at Thoma Bravo.
About OPEXUS
OPEXUS is the leader in FedRAMP-certified government process management software with more than 30 years of experience supporting public institutions. The company brings operational excellence to governments' middle office so agencies can focus on the critical work of mission delivery. OPEXUS empowers 100,000 government users with exceptional technology experiences and a built-for-government product suite, including solutions for audit, investigations, correspondence, Freedom of Information Act (FOIA) requests, and employee & labor. Located in the heart of Washington, D.C., OPEXUS works with more than 200 public institutions in the US and Canada. For more information, visit opexustech.com.
About Casepoint
Casepoint is the trusted data discovery platform for government agencies and regulated corporations. Leveraging the power of AI and advanced analytics, its end-to-end platform empowers teams to seamlessly collect, preserve, and discover vast amounts of data from diverse sources, enabling secure data-responsive workflows at enterprise scale. From legal hold and data preservation to cloud collections and eDiscovery, Casepoint streamlines everything from litigation, investigations, and compliance to Congressional Inquiries. With unmatched military-grade security, enterprises can manage their data confidently, enhance efficiency, mitigate risk, and meet reporting and compliance obligations with ease. For more information, visit casepoint.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, with credit facilities up to $300 million-plus. For more information, please visit comvest.com/direct-lending.
About Comvest Partners
Comvest Partners ('Comvest') is a 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 along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $15.3 billion in assets, and has invested over $14.4 billion since inception. Comvest is based in West Palm Beach, with offices in Chicago and New York City. For more information, please visit comvest.com.
Copyright Business Wire 2025.
PUB: 02/10/2025 01:00 PM/DISC: 02/10/2025 01:02 PM
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