Comvest, CapX win bankruptcy auction to buy Karmaloop

A Delaware bankruptcy court judge authorized Comvest Partners and CapX Partners to buy all of online clothing retailer Karmaloop, Inc’s business out of bankruptcy. Karmaloop’s businesses include karmaloop.com, PLNDR, Kazbah and Karmaloop Europe. Comvest and CapX also will invest growth capital into the business. Comvest and CapX previously provided the company with a debtor-in-possession loan to support the business through bankruptcy.


GRO-WELL snags $5.5 mln from CapX Partners

GRO-WELL, a provider of organic lawn care and garden products, has received a $5.5 million mezzanine debt loan from CapX Partners. According to GRO-WELL, the financing will be used for growth.


Arro picks up $2.25 mln from CapX Partners

Arro Corp. has received a $2.25 million loan from CapX Partners. According to the company, the capital will be used for “short-term capital growth needs.” Based in the Chicago area, Arro provides processing, contract manufacturing, logistics and warehouse services.


CapX provides $13 mln to Karmaloop

Karmaloop has received a $13 million senior facility from CapX Partners. Headquartered in Boston, Karmaloop is a multi-platform online retailer that specializes in streetwear fashion.

CapX Partners names new MD

Specialty finance company CapX Partners has named Stephen Healey as managing director. In his new role, Healey, who will be responsible for business development in the Northeast, willl be opening the firm’s new office in the Boston area. Previously, Healey worked at Full Circle Capital where he served as managing director.

CapX Partners Closes Fund on $225m

Specialty finance company CapX Partners has closed its latest fund with total commitments of $225 million. CapX IV closed at the end of 2012 with $75 million of private capital. With its SBIC Debenture License, CapX IV now has access to an additional $150 million in debenture leverage funding from the SBIC.

Propel Fuels Secures First Phase of Series D

Propel Fuels, a retailer of alternative fuels and clean mobility solutions, has closed on the initial phase of its Series D round of funding with $11 million from existing investors Nth Power, Craton Equity Partners, and @Ventures as well as a new investor, Gentry Venture Partners. The company has also secured $10 million in debt financing from CapX Partners.

CapX Partners Raising Fourth Fund

CapX Partners, a Chicago-based provider of debt to the lower middle-markets, plans to target around $225 million for its fourth fund, according to LBO Wire. It is currently investing out of a $150 million third fund that closed in 2005. www.capxpartners.com

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