Comvest Backs Multi-bank with $20M in Debt Financing

The Comvest Group, via its Comvest Capital II debt fund, said that is has provided a $20 million in a subordinated term loan to Multi-bank Securities Inc. Multi-bank is an institutional fixed-income securities broker-dealer.

PRESS RELEASE

The Comvest Group, through its debt fund, Comvest Capital II L.P., has provided a $20 million subordinated term loan to Multi-bank Securities, Inc. (“Multi-bank”). “We are excited to partner with Comvest as we continue to grow and service our customers,” said Dave Maccagnone, founder and CEO of Multi-bank. “Multi-bank is a strong business led by an experienced management team. We are delighted to partner with Dave and his team,” said Greg Reynolds, Managing Director at Comvest.

About Multi-bank:
Multi-Bank Securities, Inc. (MBS) is an institutional fixed-income securities broker-dealer committed to earning and preserving the respect of our customers by meeting their investment goals with personal service, institutional investment expertise and progressive technologies. As an independent, privately-held organization, you can be assured we provide the broadest market visibility and put your interests first.

About Comvest:
The Comvest Group is a leading private investment firm focused on providing debt and equity capital to lower middle-market companies. Our firm includes seasoned, senior level operating executives at all levels who partner with managers and owners of companies to grow businesses and create long-term value. Since 1988, Comvest has invested more than $2 billion of capital in over 200 public and private companies. For more information, please visit www.comvest.com.