Comvest Credit Partners , a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and Sole Lender on a $153 million senior secured credit facility (the “Financing”) for Oak Dental Partners (“Oak Dental”, or the “Company”). The proceeds will be utilized to refinance the Company’s current debt and to fund near-term acquisitions. Comvest also contributed shares to the company.
Oak dentistry, which was founded in 2015, focuses on the purchase and growth of pediatric, family dentistry, and orthodontic practices particularly in the Southeast. Oak Dental presently works with 55 associated offices in nine states to provide a comprehensive range of nonclinical business support services. The names and branding of acquired practices are kept.
Oak Dental Partners is an Atlanta-based Dental Support Organization (“DSO”) with connected dental and orthodontic clinics in an increasing number of states, including Alabama, Georgia, Florida, Texas, Mississippi, South Carolina, North Carolina, Virginia, and Pennsylvania.
Comvest Credit Partners, Comvest Partners’ direct lending platform, focuses on delivering flexible finance options to middle-market businesses.
Comvest Credit Partners provides sponsored and non-sponsored firms with senior secured, unitranche, and second lien finance to assist expansion, acquisitions, buyouts, refinancings, and recapitalizations.
For enterprises with revenues more than $20 million, credit facilities typically run from $25 million to $250 million or more.
Comvest Partners is a private investment firm focusing on operations that has provided equity and debt funding to well-positioned middle-market firms across North America since 2000.
Comvest offers customised investment options across the capital structure, strong industry and operating expertise, a collaborative approach, and significant deal experience as an active investor through its private equity, direct lending, and special opportunities investment platforms.
Comvest now manages more than $8.9 billion in assets and has invested more than $9.9 billion since its establishment. Comvest is headquartered in West Palm Beach and has offices in Chicago and New York.
