Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on an upsized $635 million senior credit facility (the “Financing”) for Beyond Finance (the “Company”), a U.S.-based provider of success fee-based debt help services. The Financing marks the seventh upsize Comvest has supported for Beyond Finance, part of Comvest’s Direct Lending portfolio since 2019, and will be used toward the Company’s ongoing operations and continued growth.
Founded in 2016, Beyond Finance has become a leader in the debt help industry, offering individually customized solutions to help consumers successfully consolidate and tackle their debt.
“Beyond Finance has successfully executed many key strategic growth initiatives over the past four years,” said Tim Kim, a Managing Director and Head of Specialty Finance at Comvest. “Comvest is pleased to serve as the Company’s long-term debt capital provider and support its achievement of new milestones. This transaction illustrates Comvest’s ability to significantly increase our transaction sizes in lockstep with our portfolio companies’ continuing growth financing needs.”
“Comvest’s capital has played a significant role in accelerating the growth of the Beyond Finance platform by allowing us to scale our operations during a dynamic economic environment and with U.S. consumer debt at record highs,” said Tim Ho, Chief Executive Officer at Beyond Finance. “The Comvest team is responsive, extremely knowledgeable in the complexities of the debt consolidation sector, and creative in delivering us flexible financing solutions that match our growth.”
Pathlight Capital LP served as Documentation Agent on the transaction. Funds managed by Fortress Investment Group LLC affiliates also participated as a lender in the transaction.