Comvest Partners announces an investment in senior helpers

WEST PALM BEACH, Florida, May 24, 2024–(BUSINESS WIRE)–Comvest Partners, a leading middle market private equity and credit investment firm, is pleased to announce that its direct lending platform, Comvest Credit Partners, is acting as administrative agent on a senior secured credit facility (the “Financing”) for Senior Support Holdings (Franchise) Acquisition, Inc. (“Senior Helpers”), a Towson, Maryland-based national leader in Home care and wellness offerings for seniors. The funding was used to support the acquisition of Senior Helpers by private equity firm Waud Capital Partners (“Waud Capital”). The funding also provides committed capital for Senior Helpers’ future growth initiatives.

Founded in 2002, Senior Helpers operates in more than 380 franchised and company-owned locations in 44 states, Canada and Australia, providing non-medical personal care services that improve the ability of older adults to avoid or delay the need hospital care. Senior care services range from groceries to medication reminders, transportation, companionship and programs for chronic illnesses such as Alzheimer’s and Parkinson’s.

“Senior Helpers is a leading, scalable brand with a long track record of consistent growth in an attractive segment of the home health care market,” said Bryce Peterson, Managing Director at Comvest and Co-Head of Strategy. direct loan for health care. sector. “Comvest remains committed to investing in the healthcare sector and providing responsive financing solutions that help well-positioned providers achieve their strategic objectives.

“Senior Helpers marks Comvest Credit Partners’ third successful transaction with Waud Capital, a sponsor with extensive experience investing in the home health care space,” said Joe Higginbotham, Managing Director of Comvest. “We look forward to working with the Waud Capital team to support the continued growth of Senior Helpers.”

Matt Albers, Partner at Waud Capital, added: “Comvest has a history of delivering significant financing commitments with speed, efficiency and a collaborative approach. We look forward to capitalizing on opportunities to help Senior Helpers expand its suite of best-in-class services. services in the next phase of company growth.

About senior assistants

Senior Helpers is one of the nation’s leading providers of senior in-home services, ranging from specialized care for those with conditions such as dementia, Alzheimer’s disease and Parkinson’s disease, to personal care and support to help people looking for a little help in their daily activities. Founded in 2002 with a vision of helping seniors age with dignity despite age-related illnesses and mobility issues, Senior Helpers has hundreds of franchised and owned businesses that have cared for tens of thousands of elderly people. For more information, visit www.seniorhelpers.com.

About Waud Capital Partners

Headquartered in Chicago, Waud Capital Partners is a growth-oriented private equity firm with more than 30 years of investment experience. Waud Capital seeks to partner with experienced management teams to build market-leading businesses in two sectors: software and technology and healthcare. Since its establishment in 1993, Waud Capital has successfully completed over 460 investments, including platform companies and follow-on opportunities. For more information about Waud Capital, please visit www.waudcapital.com.

About Comvest Credit Partners

Comvest Credit Partners, Comvest Partners’ direct lending platform, is focused on providing flexible financing solutions to middle market businesses. Comvest Credit Partners provides secured first lien, unitranche and second lien capital to sponsored and unsponsored companies to support growth, acquisitions, buyouts, refinancings and recapitalizations, with credit facilities up to over $250 million of dollars. For more information, please visit www.comvest.com/direct-lending.

About Comvest partners

Comvest Partners is an operations-focused private investment firm that has provided equity and debt capital to well-positioned mid-market companies throughout North America since 2000. Through its private equity, direct lending and special investment opportunity platforms, Comvest offers tailored investment solutions across capital structure, deep sector and operational expertise, a collaborative and significant transactional experience as an active investor. Today, Comvest manages $10.9 billion in assets and has invested more than $12.8 billion since its inception. Headquartered in West Palm Beach, Comvest also has offices in Chicago and New York. For more information, please visit www.comvest.com.

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Contacts

Bryce Peterson, Managing Director, Co-Head of Healthcare, Comvest Credit Partners – [email protected]

Joe Higginbotham, Managing Director, Comvest Credit Partners – [email protected]