Comvest Credit Partners Announces New $120 Million Investment In Purchasing Power
Amount Raised
$120 Million
Round Type
Venture
West Palm BeachFinancial ServicesEmployee BenefitsDescription
Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a new $120 million senior secured credit facility (the “Financing”) to Purchasing Power. The transaction, with institutional alternative management firm Crestline Investors, marks a continuation of Comvest’s support of the Atlanta-based voluntary benefits provider of employee purchase programs. Purchasing Power has been part of Comvest’s direct lending portfolio since it was acquired by private equity investment firm Flexpoint Ford in 2016. The Financing was used to refinance existing debt, provide a dividend to existing investors, and fund ongoing growth of the business.
Quick answer
Purchasing Power raised $120 Million in a funding round, dated July 7, 2022. Purchasing Power is based in West Palm Beach, Florida, United States.
- How much did Purchasing Power raise?
- Purchasing Power raised $120 Million in a funding round on July 7, 2022.
- Where is Purchasing Power based and how big is it?
- Purchasing Power is based in West Palm Beach, Florida, United States. Fundz records about 480 employees.
- Who are the decision-makers at Purchasing Power?
- Fundz holds 1 contact at Purchasing Power. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Employee Benefits around the same time
Companies in the same sectors as Purchasing Power that raised within 45 days of this round, from Fundz verified event records.
- Arq raised $496K (Pre-Seed) on August 19, 2022.
- Ascent Solar Technologies raised $5M on August 19, 2022.
- BlueTape raised $55M (Funding Round) on August 19, 2022.
- Bonside Series raised $500K (Seed) on August 19, 2022.
- Bookkeeper360 raised $3.5M (Seed) on August 18, 2022.
- Jar raised an undisclosed amount on August 18, 2022.
Who to call at Purchasing Power, and when
A new round usually means Purchasing Power is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Purchasing Power raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Purchasing Power, from your own LinkedIn network
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Related People
Purchasing Power raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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