Latest news with #ComvestCreditPartners
Yahoo
07-05-2025
- Business
- Yahoo
Comvest Credit Partners Agents Senior Credit Facility to Support the Refinancing of Peer Advisors, Parent Company of Celink, by Further Global Capital Management
WEST PALM BEACH, Fla., May 07, 2025--(BUSINESS WIRE)--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 and is the sole lender on a senior secured credit facility (the "Financing") for Peer Advisors, parent company of Celink, the nation's leading reverse mortgage subservicer. The Financing supports Celink's continued ownership by private equity sponsor Further Global Capital Management ("Further Global"). Celink provides a comprehensive set of services to reverse mortgage lenders and borrowers. Its services include loan onboarding, data validation, call center, payment processing, lines of credit disbursements, tax and insurance monitoring, occupancy monitoring, investor and regulator reporting, foreclosure and REO management, and record retention. Celink is based in Lansing, Mich., and Tulsa, Okla. "Celink is the leading player in a complex and highly regulated niche industry and provides critical services to lenders and borrowers through its proprietary technology servicing platform," said Jack Wyatt, a Principal at Comvest Credit Partners. "We are pleased to support Celink's veteran management team and complete another transaction with Further Global, a highly experienced financial services-focused private equity sponsor. We look forward to working together to support Celink's continued growth as well as on other opportunities in the sector." "Comvest Credit Partners worked collaboratively to deliver a creative financing structure that provides both capital at scale and addresses Celink's unique needs for growth," said Olivier Sarkozy, Managing Partner of Further Global. "In addition, the Comvest team's deep understanding of the financial services sector was key to their ability to expeditiously get this deal done." About Celink Celink has been the nation's leading subservicer of reverse mortgages since 2005 and is the subservicer of choice for the nation's largest reverse mortgage lenders. Celink is a Ginnie Mae-approved Participation Agent and Subcontract Servicer for the HMBS program, a Morningstar DBRS approved servicer, as well as a Moody's approved servicer of reverse mortgages ("SQ2" rating). Celink utilizes an innovative servicing platform, ReverseServ Elite, which is fully scalable and supports numerous proprietary reverse mortgage products in addition to FHA's HECM program. For more information, visit
Business Wire
07-05-2025
- Business
- Business Wire
Comvest Credit Partners Agents Senior Credit Facility to Support the Refinancing of Peer Advisors, Parent Company of Celink, by Further Global Capital Management
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--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 and is the sole lender on a senior secured credit facility (the 'Financing') for Peer Advisors, parent company of Celink, the nation's leading reverse mortgage subservicer. The Financing supports Celink's continued ownership by private equity sponsor Further Global Capital Management ('Further Global'). 'We are pleased to support Celink's veteran management team and complete another transaction with Further Global,' said Jack Wyatt, a Principal at Comvest Credit Partners. Celink provides a comprehensive set of services to reverse mortgage lenders and borrowers. Its services include loan onboarding, data validation, call center, payment processing, lines of credit disbursements, tax and insurance monitoring, occupancy monitoring, investor and regulator reporting, foreclosure and REO management, and record retention. Celink is based in Lansing, Mich., and Tulsa, Okla. 'Celink is the leading player in a complex and highly regulated niche industry and provides critical services to lenders and borrowers through its proprietary technology servicing platform,' said Jack Wyatt, a Principal at Comvest Credit Partners. 'We are pleased to support Celink's veteran management team and complete another transaction with Further Global, a highly experienced financial services-focused private equity sponsor. We look forward to working together to support Celink's continued growth as well as on other opportunities in the sector.' 'Comvest Credit Partners worked collaboratively to deliver a creative financing structure that provides both capital at scale and addresses Celink's unique needs for growth,' said Olivier Sarkozy, Managing Partner of Further Global. 'In addition, the Comvest team's deep understanding of the financial services sector was key to their ability to expeditiously get this deal done.' About Celink Celink has been the nation's leading subservicer of reverse mortgages since 2005 and is the subservicer of choice for the nation's largest reverse mortgage lenders. Celink is a Ginnie Mae-approved Participation Agent and Subcontract Servicer for the HMBS program, a Morningstar DBRS approved servicer, as well as a Moody's approved servicer of reverse mortgages ("SQ2" rating). Celink utilizes an innovative servicing platform, ReverseServ Elite, which is fully scalable and supports numerous proprietary reverse mortgage products in addition to FHA's HECM program. For more information, visit About Further Global Capital Management Further Global Capital Management is an employee-owned private equity firm that makes investments in businesses within the business services and financial services industries. Further Global seeks to be a true partner with the management teams with whom it invests with an objective to be the "Capital Partner of Choice" to the industry. Further Global seeks out situations in which its extensive network, operational expertise and capital can drive significant value. Further Global has raised over $3 billion of cumulative committed and invested capital. For more information, visit 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 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 opportunistic credit 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. In 2025, Comvest Partners proudly celebrates 25 years of investment management leadership, and today manages $15.7 billion in assets, with over $16.8 billion invested since inception. Comvest Partners is based in West Palm Beach, with offices in Chicago and New York City. For more information, please visit
Yahoo
01-05-2025
- Business
- Yahoo
Comvest Credit Partners Announces Close of its Third Middle-Market CLO at $403 Million
WEST PALM BEACH, Fla., May 01, 2025--(BUSINESS WIRE)--Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, today announced the close of Comvest Credit 2025-1 CLO, a $403 million collateralized loan obligation (CLO). Comvest Credit 2025-1 CLO marks the direct lender's third CLO closing in the last 10 months, reflecting its commitment to becoming a programmatic CLO issuer. "We are grateful for the continued support of our investor base in the growth of our alternative credit product line within Comvest's middle-market direct lending strategy," said Jason Gelberd, Partner, Chief Operating Officer and Co-Head of Direct Lending for Comvest Credit Partners. "We believe CLOs are a strategic, efficient and cost-effective financing tool in achieving our fund finance objectives while also serving to diversify our fund financing sources." Comvest Credit 2025-1 CLO is rated by Standard & Poor's and collateralized by a diversified portfolio of senior secured loans, originated and managed by Comvest Credit Partners, with a two-year reinvestment period and a one-year non-call period. Barclays served as the Lead Arranger and Co-Placement Agent. Keybanc Capital Markets acted as the Co-Structuring Agent. 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 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 opportunistic credit 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. In 2025, Comvest Partners proudly celebrates 25 years of investment management leadership, and today manages $15.7 billion in assets, with over $16.8 billion invested since inception. Comvest Partners is based in West Palm Beach, with offices in Chicago and New York City. For more information, please visit View source version on Contacts Andrew Goldsmith, Managing Director of Capital Markets, Comvest Credit Partners – Sign in to access your portfolio
Business Wire
28-04-2025
- Automotive
- Business Wire
Comvest Credit Partners Leads Debt Financing to Wheeler Fleet Solutions to Fund its Acquisition by One Equity Partners
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--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 and is the sole lender on a senior secured credit facility (the 'Financing') for Wheeler Fleet Solutions ('Wheeler' or the 'Company'), a leading aftermarket truck parts distribution company based in Somerset, Pa. The Financing supported the acquisition of the Company from VSE Corporation (NASDAQ: VSEC) by private equity firm One Equity Partners. 'Our credit strategy continues to invest in well-positioned middle-market companies in the industrials vertical, one of our targeted industries of firm expertise,' said Bryce Peterson, a Managing Director of Comvest Credit Partners. Founded in 1960, Wheeler provides replacement parts and engineering solutions to the medium and heavy-duty fleet market, offering a complete line of products along with inventory management, e-commerce fulfillment, logistics, supply chain support and other aftermarket services. Wheeler operates distribution centers in Pennsylvania, Mississippi and Texas. 'Wheeler is an established, long-tenured brand with strong performance in an attractive niche market with recurrent customer demand for parts and services,' said Bryce Peterson, a Managing Director of Comvest Credit Partners. 'Our credit strategy continues to invest in well-positioned middle-market companies in the industrials vertical, one of our targeted industries of firm expertise.' 'We are pleased to complete another transaction with One Equity Partners, which has also built a deep industrials investment practice. We look forward to working with the team in support of the acquisition and Wheeler's continued growth,' said Tom Goila, Partner and Head of Originations at Comvest Credit Partners. 'We are appreciative of Comvest Credit Partners' ability to move quickly in their diligence and investment decision, bringing a certainty to the transaction process that contributed to our acquisition's successful close,' said Steve Lunau, Partner at One Equity Partners. About Wheeler Fleet Solutions Wheeler Fleet Solutions ('Wheeler') began as Wheeler Bros. in 1960 as a small engine repair shop in Somerset, Pennsylvania. From those roots, the company has grown into a fleet-focused parts distribution and services company with over 300 employees. Wheeler Fleet Solutions ships over three million line items yearly to 700 managed inventory stock rooms and thousands of B2B customers across the United States. Wheeler offers a huge selection of parts as well as stockroom and inventory management services, fleet management software and curated custom-engineered service parts. For more information, please visit About One Equity Partners One Equity Partners ('OEP') is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit 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 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 opportunistic credit 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. In 2025, Comvest Partners proudly celebrates 25 years of investment management leadership, and today manages $15.7 billion in assets, with over $16.8 billion invested since inception. Comvest Partners is based in West Palm Beach, with offices in Chicago and New York City. For more information, please visit
Associated Press
10-02-2025
- Business
- Associated Press
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 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 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 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 Copyright Business Wire 2025. PUB: 02/10/2025 01:00 PM/DISC: 02/10/2025 01:02 PM
