Comvest Credit Partners, a provider of flexible direct financing solutions to middle-market companies, acted as administrative agent on a $30 million senior secured credit facility to The JG Wentworth Company, a provider of consumer financial services. The financing was used to fund a strategic acquisition by the company and provide capital for further business growth.
“JG Wentworth is a market leader with a strong reputation for providing financial solutions that help consumers with a variety of personal finance needs,” Jason Gelberd, partner and co-head of direct lending at Comvest, said. “Comvest was pleased to draw on our significant expertise in the specialty finance sector to structure a thoughtful and unique facility tailored to JG Wentworth’s growth objectives.”
“As a credit provider able to provide substantial additional capital to our fast-growing platforms, we look forward to continuing to build our relationship with JG Wentworth and to further supporting the Company in the expansion of its core lines of business,” Tom Goila, partner at Comvest, said.
