WEST PALM BEACH, Fla., April 29, 2019 (GLOBE NEWSWIRE) -- Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender of a $60.0 million Senior Credit Facility to Beyond Finance, Inc. (“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, Chief Executive Officer 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.
About Beyond Finance:
Beyond Finance, founded in 2016 and headquartered in Houston, Texas, is a provider of success fee-based debt resolution services. For more information, please visit their website.
About Comvest Credit Partners:
Comvest Credit Partners, through affiliated private funds, focuses on providing flexible financing solutions to middle-market companies. We provide senior secured, unitranche, second lien, and mezzanine capital as well as equity co-investments. We lend to sponsored and non-sponsored companies, in support of refinancings, growth capital, acquisitions, buyouts, and recapitalizations. Credit facilities typically range from $20 million to $200 million for companies with revenues greater than $15 million. For more information, please visit our website.
About Comvest Partners:
Comvest Partners is a private investment firm providing equity and debt to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $4.0 billion in over 185 companies. Today, Comvest’s funds have $3.2 billion of assets under management. Through our extensive capital resources and broad network of industry relationships, we offer our companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit our website.
For more information:
Greg Reynolds, Comvest Credit Partners – (312) 972-8898, g.reynolds@comvest.com
Tim Kim, Comvest Credit Partners – (312) 637-8448, t.kim@comvest.com