Latest news with #ComvestPartners
Business Wire
4 days ago
- Business
- Business Wire
Comvest Credit Partners Announces Closing of Fourth Middle-Market CLO at $403 Million
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, today announced the closing of Comvest Credit 2025-2 CLO, a $403 million collateralized loan obligation (CLO). The transaction represents Comvest Credit Partners' fourth new CLO issuance in the last year and second CLO issuance in 2025. 'CLOs remain a key financing solution for our credit portfolios, and we believe the growth of our alternative credit platform is a testament to our long-standing and proven credit investment performance across market cycles.' 'As we continue to expand our presence and strengthen relationships in the middle-market CLO space, we are grateful for the strong support and confidence investors have shown in our alternative credit platform,' said Jason Gelberd, Partner, Chief Operating Officer, and Co-Head of Direct Lending at Comvest Credit Partners. 'CLOs remain a key financing solution for our credit portfolios, and we believe the growth of our alternative credit platform is a testament to our long-standing and proven credit investment performance across market cycles.' Comvest Credit 2025-2 CLO, rated by Standard & Poor's, is collateralized by a diversified portfolio of senior secured loans originated and managed by Comvest Credit Partners. The CLO features a four-and-a-third-year reinvestment period and a two-year non-call period. Deutsche Bank acted as the Lead Arranger in connection with the transaction. 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 $16.6 billion in assets, with over $19.2 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
09-08-2025
- Business
- Yahoo
Manulife to Acquire Comvest's Private Credit Business from AMG for $285M
Manulife Financial Corporation (NYSE:MFC) is one of the most undervalued Canadian stocks to buy now. On August 6, Affiliated Managers Group Inc. (NYSE:AMG) announced that it agreed to sell its interest in Comvest Partners' private credit business to Manulife Financial Corporation. The transaction is expected to close in Q4 2025, subject to customary closing conditions. Affiliated Managers Group, or simply AMG, is set to receive ~$285 million in total cash for the sale. The company will also retain its interest in Comvest's private equity business, along with an interest in the carry from certain existing private credit funds and a share of Comvest's invested capital in those funds. AMG will also sell its interest in the AMG Comvest Senior Lending Fund joint venture. A bank manager signing off on a loan agreement to a business in her office. For over 25 years, Comvest Partners has focused on providing capital to North American middle-market companies. The partnership between AMG and Comvest began over 5 years ago. At the start of the collaboration, Comvest's private credit business had $2 billion in assets under management/AUM, which grew to $14 billion at the time of the acquisition announcement. Manulife Financial Corporation (NYSE:MFC) provides financial products and services through 3 segments: Wealth & Asset Management Businesses, Insurance & Annuity Products, and Corporate & Other. Affiliated Managers Group Inc. (NYSE:AMG) is an investment management company that provides investment management services to mutual funds, institutional clients, and high-net-worth individuals in the US. While we acknowledge the potential of MFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
06-08-2025
- Business
- Yahoo
Comvest Partners' Private Credit Business to be Acquired by Manulife
Underscores Value of AMG Partnership Model in Advancing Affiliates' Long-Term Objectives WEST PALM BEACH, Fla., Aug. 06, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it has entered into an agreement to sell its interest in Comvest Partners' ('Comvest') private credit business as part of the announced acquisition of the business by Manulife Financial Corporation. Comvest is a leading private equity and direct lending investment firm that has supported the capital needs of North American middle-market companies for the past 25 years. AMG's strategic engagement provided Comvest with growth capital and access to AMG's capital formation capabilities, which accelerated the growth of Comvest's credit franchise from $2 billion in assets under management at the inception of the partnership, more than five years ago, to $14 billion today. 'We enter all partnerships with the goal of magnifying our Affiliates' long-term success, aligned with our partners across a range of outcomes,' said Jay C. Horgen, Chief Executive Officer of AMG. 'We are pleased that AMG's collaboration over the course of our partnership has enhanced Comvest's business growth and its ability to achieve this positive outcome for all stakeholders.' 'We chose to partner with AMG because of its unique partnership model, which provided Comvest with access to valuable strategic capabilities to amplify our firm's long-term growth trajectory, while preserving our independence,' said Michael Falk, Founder and Executive Chairman of Comvest. 'AMG's strategic engagement across a range of initiatives, including product development and distribution, has had a meaningful impact on Comvest's competitive positioning and contributed to this outcome for our firm.' Pursuant to the terms of the agreement, AMG is expected to receive total cash consideration of approximately $285 million, subject to certain closing adjustments, representing a significant gain on AMG's investment. As part of the transaction, AMG will retain an interest in the carry from certain existing private credit funds and a share of Comvest's invested capital in these funds, as well as its interest in Comvest's private equity business. As part of this transaction, AMG will also sell its interest in the AMG Comvest Senior Lending Fund joint venture. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions. About AMG AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG's strategy is to generate long‐term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of June 30, 2025, AMG's aggregate assets under management were approximately $771 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company's website at Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. ('AMG' or the 'Company') may constitute forward-looking statements within the meaning of the federal securities laws, and could be impacted by a number of factors, including those described under the section entitled 'Risk Factors' in AMG's most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at AMG undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This release does not constitute an offer of any products, investment vehicles, or services of any AMG Affiliate. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at and encourages investors to consult that section regularly. AMG Media & Investor Relations:Patricia Figueroa(617) 747-3300ir@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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
Bloomberg
14-03-2025
- Business
- Bloomberg
Affiliated Managers Group Is Exploring Comvest Partners Stake Sale
Affiliated Managers Group Inc. is exploring the sale of its minority stake in Comvest Partners, an alternative-asset manager that oversees about $15.7 billion, according to people with knowledge of the matter. Prides Crossing, Massachusetts-based AMG is working with an adviser to solicit interest in the stake, and any transaction could value Comvest at $700 million or more, said one of the people, who asked not to be identified discussing confidential information.
