Investment Summary

Comvest Partners Invests In ClearOne Advantage

On September 11, 2023, private equity firm Comvest Partners invested in financial services company ClearOne Advantage

Investment Highlights
  • This is Comvest Partners’ 2nd transaction in the Financial Services sector.
  • This is Comvest Partners’ 56th transaction in the United States.
  • This is Comvest Partners’ 1st transaction in Maryland.

Investment Summary

Date 2023-09-11
Target ClearOne Advantage
Sector Financial Services
Investor(s) Comvest Partners
Deal Type Growth Capital

Target

ClearOne Advantage

Baltimore, Maryland, United States
ClearOne Advantage is a full-service debt resolution company providing consumers options in debt settlement for credit cards and other unsecured debts. ClearOne Advantage was founded in 2008 and is headquartered in Baltimore, Maryland.

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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 7.7B 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 57 of 60
Sector (Financial Services) 2 of 2
Type (Growth Capital) 16 of 16
State (Maryland) 1 of 2
Country (United States) 56 of 59
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-27 Your Behavioral Health

Torrance, California, United States

Your Behavioral Health is a regional behavioral health services platform that provides comprehensive best-in-class services for adults and teens across the continuums of mental health and addiction treatment. Your Behavioral Health is based in Torrance, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 Systems Control

Iron Mountain, Michigan, United States

Systems Control provides engineering and manufacturing of equipment enclosures and control and relay panels used in electrical transmission and distribution substations across North America. Systems Control was founded in 1962 and is based in Iron Mountain, Michigan.

Sell $1.1B