Comvest Credit Partners acted as administrative agent and sole lender on a $60 million senior credit facility for Speed Leasing, a portfolio company of 777 Partners.
“We are excited to be partnering with Comvest as we continue to grow our portfolio. We selected Comvest primarily due to their knowledge and experience in the specialty finance sector and we appreciate their efforts to close this transaction expeditiously,” said Hasham Malik, CEO of Speed Leasing.
“We are impressed by Hasham and the rest of the Speed Leasing senior team and believe they are well-positioned to continue building upon their growth,” said Jason Gelberd, partner at Comvest.
Speed Leasing provides a pre-owned motorcycle lease product through its partnerships with over 220 independent dealerships across the U.S.
Headquartered in Miami, 777 Partners is a private investment firm with expertise in financial services that specializes in control investments across a broad array of industries and geographies.
Comvest Credit Partners, through affiliated private funds, focuses on providing flexible financing solutions to middle-market companies.
