Comvest Credit Partners completed the final close of its latest flagship fund, Comvest Credit Partners V, which closed with more than $1.3 billion of equity commitments and secured credit facilities to increase its available capital.
J.P. Morgan acted as lead arranger, lead bookrunner and administrative agent for a $275 million, six-year senior secured term loan B facility due June 2026 and a $100 million, three-year, ABL revolving credit facility due June 2023 for Douglas Dynamics.
The American Bankruptcy Institute selected Chief Bankruptcy Judge Barbara J. Houser as president of the board of directors for a one-year term. In addition to Houser’s appointment, Robert P. Reynolds was named president-elect and will become president in April 2021.
For its role as restructuring financial advisor and chief restructuring officer to AgFeed Industries, Mackinac Partners was selected to receive three awards from The M&A Advisor.