Goldman Sachs backs Comvest’s third direct lending fund

Goldman Sachs has provided up to $150 million in credit to Comvest Partners‘ third direct lending fund, which closed at $450 million this past June. As a result of this commitment, Comvest Capital III now has up to $600 million in credit. Comvest Capital provides financing to middle-market companies.


Comvest Partners Fund III raises $450 mln

Comvest Partners said Wednesday that its third direct lending fund closed at $450 million, above its $350 million original target. LPs in Comvest Capital III included public pension funds, insurance companies, family offices, and multiple U.S. and European global private equity investors. The firm said that CVC III is also arranging a fund-level line of credit of up to $150 million that will give it up to $600 million of available credit. Comvest, of West Palm Beach, Florida, provides financing solutions for middle-market companies.


Comvest Partners acquires McKesson Corp’s care management business

Comvest Partners and Mosaic Health Solutions have closed their buy of McKesson Corporation‘s care management business. No financial terms were disclosed. McKesson Corp’s care management business will be renamed AxisPoint Health. MidCap Financial and Pacific Western Bank provided the financing for the deal.


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.


Comvest buys retailer Old Time Pottery

Comvest Partners has acquired Old Time Pottery, a Murfreesboro, Tenn-based retailer of home goods and furnishings. No financial terms were disclosed. Harris Williams advised Old Time Pottery on the transaction.


Egenera snags $16 mln

Egenera said Friday that it has secured $16 million in funding from Comvest Partners. The capital will be used for product development and go-to-market strategy. Headquartered in Boxborough, Mass., Egenera is a converged infrastructure and cloud management solutions.


ICON agrees to acquire PE-backed Aptiv Solutions for $143.5 mln

ICON has agreed to buy Aptiv Solutions for a cash consideration of $143.5 million. The sellers are The Halifax Group, SV Life Sciences, Comvest Partners and Aptiv’s management. Headquartered in Reston, Virginia, Aptiv Solutions is a biopharmaceutical and medical device company.


Merchant Cash and Capital grabs $75 mln

Merchant Cash and Capital said Monday that it has received a $75 million term loan from a consortium led by Comvest Partners. Also, MCC has named Jeffrey Beckwith as chief financial officer. Based in New York City, MCC is a small business financing provider.

AutoInfo Merges with Comvest’s AutoInfo Holdings

AutoInfo has completed a merger with AutoInfo Holdings, a subsidiary of Comvest Investment Partners IV, L.P., one of the investment funds managed by Comvest Partners. AutoInfo operates in two business segments, non-asset based transportation services and agent support services.

Comvest Appoints Tom Clark as MD

Comvest Partners has appointed Tom Clark as a managing director focused on Comvest’s control equity strategy. Prior to joining Comvest, Clark was a principal on the retail & consumer team at Apax Partners.

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