Daily News: November 5, 2014

Comvest Provides Term Loan to Precision Valve

Comvest Partners, through its debt fund Comvest Capital III LP, provided a secured term loan to Precision Valve. The Comvest term loan investment was made as part of a broader recapitalization of PVC.

“We are pleased to have completed this financing transaction with Comvest and are excited to continue to grow the business and execute for our global client base,” said PVC President and CEO Doug Hind.

“PVC is a substantial business that has benefited tremendously from the efforts of management and MML Capital Partners over the last several years. We are excited to be a part of the Company’s continued growth and success,” said Greg Reynolds, managing director at Comvest.

New York-headquartered Precision Valve is the world’s largest supplier of aerosol valves and a global leader in dispensing systems.