Comvest Partners

As we reflect back on 2024, we enjoyed the opportunity for Maneesh Chawla, Managing Partner, and Alex Ray, Director of Business Development, to contribute their insights on market trends in bank-led processes in their co-written article published in the Fall issue of Middle Market Growth Magazine's Middle Market DealMaker. Read it here: https://lnkd.in/efDiwvET.

Comvest Partners continues to give back this holiday season. We are proud to again participate in the Salvation Army’s Angel Tree program and help provide Christmas gifts for local children in need. The program serves more than 1,500 families in Palm Beach County and hundreds of thousands of children around the country each year. We are grateful for the thoughtfulness and generosity of our employees who spread cheer to dozens of local children through gifts of toys, clothing and shoes. 

Comvest Private Equity is pleased to welcome Bland Landscaping Company (“Bland”) to our investment portfolio. The leading provider of commercial landscaping services in the Carolinas, Bland provides a comprehensive suite of premium landscaping maintenance and enhancement services to clients across diverse end markets spanning homeowners associations, multifamily properties, Class A offices, industrial centers, and municipalities. Bland exemplifies our investment approach of backing strong management teams of companies in the field services space who can benefit from Comvest’s financial and operational resources to drive scale. We look forward to partnering with Kurt and Matt Bland and the rest of their leadership team to accelerate the company’s expansion into key markets in the Southeast.   Read more about the transaction here: https://lnkd.in/eEGCJYBp

Comvest Credit Partners (“Comvest Credit") is pleased to announce that it is acting as Administrative Agent on a new $230 million senior secured credit facility for Pollo Tropical, a Miami-based quick-service restaurant chain specializing in Latin-Caribbean-style cuisine. The financing will be used to support Pollo Tropical’s refinancing and growth and follows Comvest Credit’s earlier financing for the 2023 take-private acquisition of Fiesta Restaurant Group, Inc., the parent company of Pollo Tropical, by Authentic Restaurant Brands. Pollo Tropical operates 125 quick-service restaurants throughout Florida and franchises 25 units primarily internationally, with locations in Puerto Rico, Central America, South America and the Bahamas. Read more: https://lnkd.in/e6Cvn9EY

Comvest Credit Partners (“Comvest Credit”) is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on an $85 million senior secured credit facility to support the acquisition of Seatex by The Riverside Company. Comvest Credit continues to focus on investing in well-positioned industrial businesses with strong value propositions and defensible market share. Read more about the transaction here: https://lnkd.in/eAgyuqxg

Comvest Partners is dedicated to strengthening our communities through charitable giving. As Thanksgiving approaches, we are proud to once again partner with Palm Beach Harvest and participate in its “Meet the Need to Feed” Thanksgiving Food Drive. The leading provider of rescued food in Palm Beach County, Palm Beach Harvest serves food banks, churches, non-profits, and social service agencies that feed hungry people daily. Comvest provided more than 19,000 meals to support this effort. Pictured below are a few of our team members with some of the collected items.

Comvest Credit Partners (“Comvest Credit”) is pleased to announce that it is acting as Administrative Agent on a $144 million senior secured credit facility for Sportime, a leading operator of tennis and sports clubs in the New York tri-state area. The financing will be used to support the recapitalization of the company and provide capital for business growth. Read more: https://lnkd.in/eWcHt4xN

Comvest Private Equity is pleased to announce a majority investment in Riccobene Associates Family Dentistry, a leading regional dental services organization (DSO), in partnership with its Founder and Chief Executive Officer, Dr. Michael Riccobene, DDS. Riccobene supports a growing network of 62 multi-specialty dentistry clinics across North Carolina, Virginia and South Carolina that provide comprehensive general and specialty dental services. Riccobene is Comvest Private Equity’s 14th healthcare services platform investment. Read more: https://lnkd.in/ecJpx3Cg

Comvest Credit Partners is pleased to announce that it is serving as a lender in a $450 million senior secured NAV facility for a private investment management firm focused on growth equity investments in specialty finance, financial services, healthcare and industrials companies. The NAV facility will be used to provide liquidity and fund follow-on investments. Read more about our specialty finance sector focus: https://lnkd.in/eMZn8dBH