Comvest Credit Partners Provides Financing to HighFive Healthcare to Support Expansion Strategy

WEST PALM BEACH, Fla.--(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 HighFive Healthcare (“HighFive”, or the “Company”), a Birmingham, Ala.-based specialty dental service organization (“DSO”). The Financing will be used to refinance the Company’s existing debt and support near-term acquisitions. It follows a recent $100 million growth investment led by Norwest.

Founded in 2018, HighFive focuses on the acquisition and development of endodontic and oral surgery practices in the southeastern United States. HighFive has quickly become one of the leading multi-specialty group practices that is majority doctor-owned, allowing the health practitioners to maintain clinical autonomy in their practices.

“We are pleased to provide a tailored credit financing solution to support the growth of HighFive, a differentiated and well-positioned healthcare services brand,” said Tom Goila, a Partner and Co-Head of Healthcare at Comvest. “We are impressed by the strength of the HighFive platform, physicians, and management. Comvest looks forward to continuing to build our relationship with Norwest and the HighFive team.”

“Comvest brought deep institutional healthcare investment expertise to this transaction, including relevant experience in the very complex dental subsector, as well as underwriting speed and the capacity to provide additional debt capital to support HighFive’s rapid pace of acquisitive growth. These were all important factors in our choice of financing provider as HighFive builds a best-in-class specialty dental platform,” said Chad Trull, CEO and founder of HighFive.

“We are excited to partner with the Comvest team as HighFive continues to grow as a leading healthcare platform committed to expanding access to the highest quality dental care,” said Dr. Ryan Harris, General Partner at Norwest.

About HighFive Healthcare

HighFive is an elite group of oral surgeons and endodontists and is majority doctor owned. The collaboration between the best surgeons, doctors and management team members elevates private practice with scale and optimization and maximizes the success of partnership. For more information, please visit www.high5health.com.

About Norwest

Norwest is a leading venture and growth equity investment firm managing more than $12.5 billion in capital. Since its inception, Norwest has invested in more than 650 companies and currently partners with more than 200 companies in its venture and growth equity portfolio. The firm invests in early to late-stage businesses across a wide range of sectors with a focus on consumer, enterprise, and healthcare. The Norwest team offers a deep network of connections, operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Menlo Park and San Francisco, with subsidiaries in India and Israel. For more information, please visit www.nvp.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 more than $9.5 billion in assets, and has invested over $11.7 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.