Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the sole lender on a senior secured credit facility (the “Financing”) for CyberMaxx (the “Company”), a Chicago-based provider of managed cybersecurity services. The Financing supported the Company’s refinancing and acquisition of Cybersafe Solutions, LLC (“Cybersafe”). CyberMaxx is a portfolio company of private equity firm Periscope Equity.
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“Comvest Credit Partners was pleased to serve as CyberMaxx’s lender and support the company’s ability to scale its security resources,” said Brian Cercek, Managing Director and Co-Head of Software & Technology Services.
CyberMaxx provides managed detection and response (MDR) cybersecurity solutions to enterprise-level customers across a variety of end markets in healthcare, financial services, utilities and other industries. Its acquisition of Cybersafe, a provider of continuous MDR services, adds broader security services and depth of knowledge to its offering.
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“CyberMaxx is a rapidly growing company in the cybersecurity space, which is buoyed by strong tailwinds as companies increasingly turn to outsourced cybersecurity services to protect against attacks,” said Brian Cercek, Managing Director and Co-Head of Software & Technology Services for Comvest Credit Partners. “Comvest Credit Partners was pleased to serve as CyberMaxx’s lender and support the Company’s ability to scale its security resources.”
“We look forward to growing our relationship with Periscope Equity, a technology-focused sponsor, and are excited to close another investment in the technology vertical, an area of continued focus,” said Joe Higginbotham, Managing Director and Co-Head of Software & Technology Services for Comvest Credit Partners.
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“The Comvest Credit Partners team brought a responsive and creative approach in structuring a flexible facility that helps accelerate CyberMaxx’s organic and acquisitive growth,” said Eric Hinkle, a Principal of Periscope Equity.
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Source – Businesswire
