Comvest Partners Announces New Growth Capital Investment in ClearOne Advantage

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that it has completed a new growth capital investment in ClearOne Advantage, LLC (“ClearOne” or the “Company”), a Baltimore-based debt resolution services provider. Comvest has been a capital provider to ClearOne since 2017.

Founded in 2008, ClearOne Advantage is a full-service national consumer debt settlement company that provides settlements of credit cards and other unsecured debts.

“ClearOne continues to capitalize on the significant industry tailwinds for debt relief services and execute on its strategic plan,” said Greg Reynolds, a Partner at Comvest. “We remain excited about the future of the Company and our ongoing relationship.”

“Comvest’s long-term support – which spans debt settlement expertise, investment capital and operational resources – has played an important role in helping ClearOne achieve meaningful business growth,” said Tomas Gordon, Chief Executive Officer at ClearOne. “Their new investment will help us further capitalize on our momentum during a time of industry expansion.”

About ClearOne Advantage

ClearOne Advantage, LLC, headquartered in Baltimore, Maryland, is a leading success fee-based debt resolution services provider. Since 2008, ClearOne has helped hundreds of thousands of clients resolve large credit card bills and other unsecured debts. For more information, please visit https://www.clearoneadvantage.com.

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 $9.9 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.