Comvest Partners has added Maneesh Chawla to its investment team as a Partner.
Mr. Chawla will be assembling and leading a team focused on microcap buyouts and minority growth investments. “We’re excited to have Maneesh join the firm and expand our franchise in the microcap control and non-control market,” said Roger Marrero, Managing Partner.
Mr. Chawla will be based in West Palm Beach and he will be responsible for all aspects of the investment process, including sourcing, transaction execution and portfolio company oversight. “Comvest’s deep resources, operational focus, and flexible approach have created a compelling platform and strong investment track record,” said Mr. Chawla. “I am excited to join the team and look forward to contributing to its future success.”
Comvest provides debt and equity to middle-market companies. For debt investments, the firm will invest from $10 million to $50 million per transaction in companies with at least $15 million of revenue and EBITDA of at least $3 million. For equity investments, the firm will invest from $35 million to $125 million of equity per transaction in companies with $50 million to $1 billion of revenue that have positive or negative EBITDA. Comvest is based in West Palm Beach with additional offices in Chicago, New York, and Los Angeles (www.comvest.com).
Prior to joining Comvest, and beginning in August 2000, Mr. Chawla was a Principal at Chicago-based Prospect Partners, where he was responsible for all aspects of the investment process and a member of the Executive and Investment Committees. Prior to Prospect Partners, he was a Senior Analyst at Credit Suisse First Boston. Mr. Chawla has an MBA from Harvard Business School and a BS from The Wharton School at The University of Pennsylvania.
“Maneesh brings extensive experience investing in the lower middle market, which has been the cornerstone of Comvest’s heritage and where we continue to see significant opportunities,” said Michael Falk, Comvest’s Chairman and Managing Partner.
© 2018 Private Equity Professional | January 16, 2018