Multi-Bank Securities has secured a $40 million loan from Comvest Partners. Multi-Bank is a fixed income broker-dealer. According to Multi-Bank, the capital infusion will be used for continued growth.
West Palm Beach, FL – February 2017 – Comvest Partners, through its Comvest Capital (“Comvest”) lending strategy, has expanded on its long-term relationship with Multi-Bank Securities, Inc. (“Multi-Bank” or the “Company”), increasing its term loan to $40 million. Multi-Bank is an institutional fixed income broker-dealer. The term loan will be used to support Multi-Bank’s continued growth.
“We are pleased to partner with Multi-Bank and its talented management team. The Company has a strong market position and is well positioned for continued growth,” said Greg Reynolds, Partner at Comvest.
“We are excited about partnering with Comvest to help support Multi-Bank’s growth plans. We believe there are significant opportunities for Multi-Bank in our core markets,” said Michael Karsner, CFO at Multi-Bank.
About Multi-Bank Securities:
Multi-Bank Securities, Inc. operates as a fixed income broker-dealer for institutional investors in the United States. The Company is an underwriter of US Government Agency securities and Negotiable CDs and offers a full array of fixed income securities including US Government Agency securities, Mortgages and Negotiable CDs. Multi-Bank was incorporated in 1987 and is based in Michigan.
About Comvest Partners:
Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across North America. Since its founding in 2000, Comvest has invested over $2.4 billion in over 140 companies. Comvest’s funds have $2.3 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 www.comvest.com.