Cash 4 You secures $40 mln from Comvest’s credit affiliate


Detail of Set of the five Canadian bills on white background. Photo courtesy of francisLM/iStock/Getty Images

Comvest Credit Partners, the credit affiliate of U.S. private equity firm Comvest Partners, has provided a $40 million senior term loan to Cash 4 You Corp, a Cambridge, Ontario-based consumer finance retailer. The funds raised will be used to refinance the company’s existing debt and fund growth opportunities. Established in 2001, Cash 4 You serves near prime and subprime consumers through more than 100 financial service centres located across Ontario. It is led by CEO Amir Mahmoudzadeh.

PRESS RELEASE

Comvest Credit Partners Announces Investment in Cash 4 You Corp.

WEST PALM BEACH, Fla., Jan. 08, 2018 (GLOBE NEWSWIRE) — Comvest Credit Partners (“Comvest”) acted as Administrative Agent and Lender for a C$40 million Senior Term Loan to Cash 4 You Corp. (“Cash 4 You” or the “Company”), a Canadian consumer finance retailer. The proceeds were used to refinance existing debt and provide growth capital.

“High-quality and consistent service has been at the forefront of our business strategy. While we have successfully executed on this strategy through hard work and determination, there are many more of our customers’ financial needs to address. We look forward to working closely with Comvest to position the Company to accelerate and capitalize on our growth prospects,” said Amir Mahmoudzadeh, Co-Founder and Chief Executive Officer of Cash 4 You.

“The Company has built a strong infrastructure and reputation in its industry. We are excited to build a lending relationship with Cash 4 You to support its strategic initiatives,” said Jason Gelberd, Partner at Comvest

About Cash 4 You:

Cash 4 You, founded in 2001, is a Canadian consumer finance retailer based in Cambridge, Ontario. The Company operates more than 100 financial service centers across the Ontario province, which cater to under banked near prime and subprime consumers. For more information, please visit https://cash4you.ca/.

About Comvest Credit Partners:

Comvest Credit Partners is the credit affiliate of Comvest Partners focused on providing flexible financing solutions to middle-market companies with offices in West Palm Beach, Chicago, Los Angeles, and New York. Comvest Credit Partners provide senior secured, unitranche, second lien and mezzanine capital as well as equity co-investments. Comvest Credit Partners lends to sponsored and non-sponsored companies in support of refinancings, growth capital, acquisitions, buyouts, and recapitalizations. Credit facilities typically range from $15 million to $100 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 Partners has invested over $2.9 billion in over 155 companies. Today, Comvest Partners’ funds have $2.8 billion of assets under management. Through its extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit our website.

For more information:
Jason Gelberd, Comvest Credit Partners – (561) 727-1860, [email protected]
Ashley Rainwater, Comvest Partners – (561) 727-2073, [email protected]

Photo courtesy of francisLM/iStock/Getty Images

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