Mid-market debt and equity investor Comvest Partners has opened a new office in Chicago to expand its transaction origination capabilities for its direct lending and control equity strategies. As part of the Chicago expansion, Comvest has hired Jon Huitink as a new Principal.
Mr. Huitink will join Greg Reynolds, Managing Director, and Tim Kim, Associate, in Comvest’s new Chicago office. Prior to joining Comvest, Mr. Huitink was a Senior Vice President with Golub Capital where he was involved in originating, underwriting, and managing, senior, unitranche, and junior secured debt investments, as well as restructuring distressed investments. Before Golub he held positions at Dymas Capital Management, LaSalle Bank, and Salomon Smith Barney. Mr. Huitink earned a BA in accounting from Central College in Pella, IA.
During his time at Dymas, Mr. Huitink worked with Dan Lee and Greg Reynolds – both are current Managing Directors at Comvest Capital. “Having worked with Jon for several years at Dymas, we are delighted to add him to the team,” said Mr. Reynolds. “Jon brings a great deal of experience in structuring and underwriting, as well as a proven network for originations. We believe Jon’s addition will strengthen the team as we continue executing on our direct lending strategy.” In June 2015 Comvest’s direct lending strategy, Comvest Capital, announced the final closing of its third fund, with $450 million in capital commitments.
Comvest Partners provides debt and equity to middle-market companies. For debt investments the firm will invest from $2 million to $20 million per transaction in companies with $10 million to $200 million of revenue that have positive or negative EBITDA. For equity investments the firm will invest from $10 million to $50 million per transaction in companies with $15 million to $500 million of revenue that have positive or negative EBITDA. Since 2000, Comvest has invested more than $2 billion of capital in over 140 public and private companies. The firm is based in West Palm Beach (www.comvest.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 8-26-15
