Comvest Credit Partners Announces Investment In Senior Helpers
23 Abril 2024 - 6:30AM
Business Wire
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 a
senior secured credit facility (the “Financing”) for Senior Support
Holdings (Franchise) Acquisition, Inc. (“Senior Helpers”), a
Towson, Md.-based national leader in home care and wellness
offerings for seniors. The Financing 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 through more than 380
franchised and corporate-owned locations in 44 states, Canada, and
Australia, providing non-medical personal care services that
enhance seniors' ability to avoid or delay the need for inpatient
care. Senior Helpers’ services range from grocery shopping to
medication reminders, transportation, companionship, and programs
for chronic diseases such as Alzheimer's and Parkinson's.
“Senior Helpers is a premier and scalable brand that has
achieved a long track record of consistent growth in an attractive
segment of the home health care market,” said Bryce Peterson, a
Managing Director at Comvest and Co-Head of the direct lending
strategy’s Healthcare sector. “Comvest remains committed to
investing in the healthcare sector, and to providing responsive
financing solutions that help well-positioned providers achieve
their strategic goals.”
“Senior Helpers marks Comvest’s third successful transaction
with Waud Capital, a sponsor with deep investment experience in the
home health care space,” said Joe Higginbotham, a Managing Director
at Comvest. “We look forward to working with the Waud Capital team
to support Senior Helpers’ continued growth.”
Matt Albers, a Partner of Waud Capital, added, “Comvest has
consistently delivered sizable financing commitments with speed,
efficiency, and a collaborative approach. We look forward to
capitalizing on opportunities to help Senior Helpers expand its
best-in-class suite of senior services in the next phase of the
company's growth.”
About Senior Helpers
Senior Helpers is one of the nation's premier providers of
in-home senior services ranging from specialized care for those
with diseases, such as dementia, Alzheimer's, and Parkinson's, to
personal and companion care to help individuals looking for a
little assistance with daily activities. Founded in 2002 with a
vision to help seniors age with dignity despite age-related
illnesses and mobility challenges, Senior Helpers has hundreds of
franchised and owned businesses that have cared for tens of
thousands of seniors. For more information, visit
www.seniorhelpers.com.
About Waud Capital Partners
Based in Chicago, Waud Capital Partners is a growth-oriented
private equity firm with over 30 years of investing experience.
Waud Capital seeks to partner with experienced management teams to
build market-leading companies within two industries: software
& technology and healthcare. Since its founding in 1993, Waud
Capital has successfully completed more than 460 investments,
including platform companies and follow-on opportunities. For
additional information on Waud Capital, please visit
www.waudcapital.com.
About Comvest Credit Partners
Comvest Credit Partners, the direct lending platform of Comvest
Partners, focuses on providing flexible financing solutions to
middle-market companies. Comvest Credit Partners provides senior
secured, unitranche, and second lien capital to sponsored and
non-sponsored companies in support of growth, acquisitions,
buyouts, refinancings, and recapitalizations, with credit
facilities up to $250 million-plus. For more information, please
visit www.comvest.com/direct-lending.
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 $10.4 billion in assets, and has invested over $12.4
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240422239185/en/
Bryce Peterson, Managing Director, Co-Head of Healthcare,
Comvest Credit Partners – b.peterson@comvest.com
Joe Higginbotham, Managing Director, Comvest Credit Partners –
j.higginbotham@comvest.com