Investment Summary

Comvest Partners Invests In AirTran Airways

On June 4, 2008, private equity firm Comvest Partners invested in airliner AirTran Airways

Investment Highlights
  • This is Comvest Partners’ 2nd transaction in the Airlines sector.
  • This is Comvest Partners’ 14th transaction in the United States.
  • This is Comvest Partners’ 3rd transaction in Florida.
Investment Fate
  • AirTran Airways was sold to a publicly-traded strategic buyer in 2010 for 1.4B USD.

Investment Summary

Date 2008-06-04
Target AirTran Airways
Sector Airlines
Investor(s) Comvest Partners
Deal Type PIPE

Target

AirTran Airways

Orlando, Florida, United States
AirTran Airways is a discount airline operating in the US.

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Investor(S) 1

Investor

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 14 of 62
Sector: Airlines M&A 2 of 2
Type: PIPE M&A Deals 4 of 4
State: Florida M&A 3 of 9
Country: United States M&A 14 of 61
Year: 2008 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-23 Crdentia

Winter Park, Florida, United States

Crdentia Corp. Provides healthcare staffing services to hospitals, healthcare facilities, and healthcare providers.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-10 Aptiv Solutions

Reston, Virginia, United States

Aptiv Solutions is a clinical research organization founded by members of the PRA International management team. Aptiv specializes in adaptive clinical trials focusing on oncology, cardiovascular, dermatology, gastro-intestinal and respiratory diseases.

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