Comvest Credit Partners acted as administrative agent and sole lender on a $60 million senior credit facility for Beyond Finance, a debt resolution services provider. The financing will be used to repay existing debt and fund ongoing working capital needs.
“We are excited to partner with Comvest, who brings great experience and industry expertise as we continue to grow our portfolio. This partnership will provide us with the capital necessary to accelerate our growth trajectory,” said Larry Litton, CEO of Beyond Finance.
“Beyond Finance has built a strong reputation in the industry and is backed by a very experienced management team. We are confident in the team at Beyond Finance and look forward to our new partnership,” said Tim Kim, vice president at Comvest.
Houston-based Beyond Finance is a provider of success fee-based debt resolution services.
Comvest Partners is a private investment firm providing equity and debt to middle-market companies across the U.S.