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.”
