Renee Rempe joined Comvest Partners as a managing director in the firm’s direct lending group, Comvest Credit Partners. Rempe previously worked for CIBC, Heller Financial/GE Capital Commercial Finance and GE Antares Capital/Antares Capital.
Comvest Credit Partners acted as administrative agent and sole lender on a $60 million senior credit facility for Beyond Finance.
Maranon Capital was joint lead arranger for a senior secured credit facility to support Comvest Partners’ acquisition of Engage2Excel.
Comvest Partners and Crystal Financial acted as co-agents in providing a term loan to Crest Financial.
Private equity firm Comvest Partners announced the final close of its fifth private equity fund, Combest Investment Partners, with $893 million in total capital commitments.
Comvest Partners closed its third direct lending fund, Comvest Capital III, with $450 million in capital commitments.
Karmaloop began a formal restructuring as part of a §363 sale process. The company, subject to court approval, has secured DIP financing from a lending group led by Comvest Partners.
Merchant Cash and Capital announced it expanded its secured term loan to $75 million through a consortium led by Comvest Partners’ Comvest Capital II debt fund.
Wynnchurch Capital and Comvest Partners were honored by the Chicago / Midwest Chapter of the Turnaround Management Association for their work with United States Pipe and Foundry Company and Fast Fabricators.