Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that it has completed a growth capital investment in ClearOne Advantage, LLC (“ClearOne” or the “Company”), a Baltimore-based debt resolution services provider. The investment provides follow-on financing to support the Company’s growth initiatives; Comvest has been a capital provider to ClearOne since 2017.
Founded in 2008, ClearOne is a leading provider of success fee-based debt resolution services, offering full-service debt settlement programs to consumers nationwide who have credit card and other forms of unsecured debts.
“We believe ClearOne is well-positioned to capitalize on the significant industry tailwinds for debt relief services and execute on its strategic plan,” said Greg Reynolds, a Partner at Comvest. “We are excited to further advance our ongoing relationship with ClearOne.”
“We look forward to Comvest’s continued support as ClearOne enters its next phase of growth,” said Tomas Gordon, Chief Executive Officer at ClearOne. “Comvest brings ClearOne a wealth of sector experience along with meaningful capital and operational expertise that will help us capitalize on important growth opportunities and continue to expand our reach at a time of rising consumer debt.”
About ClearOne Advantage
ClearOne Advantage, LLC, headquartered in Baltimore, Maryland, is a leading success fee-based debt resolution services provider. Since 2008, ClearOne has helped hundreds of thousands of clients resolve large credit card bills and other unsecured debts. For more information, please visit https://www.clearoneadvantage.com.
About Comvest Partners
Comvest Partners is an operationally focused private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure, deep industry and operating expertise, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages more than $9.5 billion in assets, and has invested over $11.7 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. For more information, please visit www.comvest.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230908467971/en/
Contacts
Greg Reynolds, Partner g.reynolds@comvest.com
