Comvest Capital Hires Dan Lee as Managing Director

Comvest Capital, the West Palm Beach, Fla.-based middle-market private equity firm, has hired Dan Lee as a managing director. Lee was a founding member of Dymas Capital, a middle market lending platform backed by Cerberus Capital. He also cofounded Square 1 Bank’s late-stage lending group, and served as a managing director at Kugman Partners, among other things.

PRESS RELEASE:

West Palm Beach, FL, December 2011 – The Comvest Group (“Comvest”) announced that Dan Lee has joined Comvest Capital as a Managing Director.

Mr. Lee has extensive experience financing companies throughout the capital structure and at every stage of the cycle, from earlier stage venture-backed enterprises to deeply distressed situations. Prior to joining Comvest, Mr. Lee was a founding member of Dymas Capital, a middle market lending platform backed by Cerberus Capital. He served on the Investment Committee, headed the New York office, and was instrumental in Dymas’ success during his 7 year tenure. Mr. Lee went on to become a co-founder of Square 1 Bank’s Late Stage lending group, where he built a franchise financing high growth companies in the lower middle market. His lending career started at Heller Financial, underwriting and syndicating senior debt facilities associated with buyouts and recapitalizations. Mr. Lee also served as a Managing Director with Kugman Partners, a leading middle market Turnaround firm, and as an Investment Banker at Salomon Smith Barney in the Energy sector. He began his career at Arthur Andersen. Mr. Lee graduated from the University of Notre Dame with a BBA in Accounting, and earned an MBA with Distinction in Finance from the University of Michigan Ross School of Business.

Comvest Capital Partner, Robert O’Sullivan, said “We are delighted to have Dan join our lending team. He comes to us with a strong and unique background, and a wide range of experience which will benefit the group. Having worked closely with one of our Managing Directors, Greg Reynolds, in building Dymas Capital Management as well as at Heller Financial, Dan makes a very complementary addition to the team. This addition further demonstrates our commitment to growing our lower middle market lending platform at Comvest, providing capital to this underserved market place for growth companies.”

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 2000, Comvest has invested more than $1.3 billion of capital in over 100 public and private companies. Please visit www.comvest.com.

For more information: Louis Colosimo – (212) 829-5880, louisc@comvest.com, or Robert O’Sullivan – (561) 727-1740, roberto@comvest.com