WEST PALM BEACH, Fla.–(BUSINESS WIRE)–Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce that Comvest Special Opportunities, Comvest’s structured capital investment platform, has completed a junior capital investment in Apotheco Pharmacy Group (“Apotheco”, or the “Company”), an operator of specialized pharmacies focused on clinical dermatology.
Comvest Special Opportunities also made an equity co-investment in the business that will be used to help fund Apotheco’s strategic acquisitions and other growth initiatives.
Founded in 2013, Apotheco provides specialized dermatological care solutions to medical providers and patients. The Company operates a growing pharmacy network that spans 15 states nationwide and is staffed by teams of dermatology specialists. Apotheco offers electronic prescriptions, a large inventory of dermatology medications, and free shipping. Conditions treated by Apotheco’s products include acne, rosacea, eczema, psoriasis, and skin infections and wounds.
“Comvest Special Opportunities’ financing solutions are well-suited for companies like Apotheco in fast-moving situations where the ability to quickly secure meaningful and targeted capital is critical to their next phase of growth,” said Derek Gould, a Managing Director at Comvest.
“Comvest executed a complex transaction in a challenging financing market and, through Comvest Special Opportunities’ flexible investment mandate, provided a hybrid capital solution to support Apotheco’s current and future needs,” said Tom Goila, a Partner of Comvest.
Comvest Special Opportunities provides capital solutions that can combine structured debt and non-control equity, offering a flexible investment approach to middle-market companies facing situational challenges that require creative financing to help achieve their strategic goals. Comvest is able to quickly execute complex transactions, typically involving a variety of unique growth and operational factors, and is comfortable with opaque and fast-moving situations in which there are a range of plausible valuations and outcomes.
About Apotheco Pharmacy Group
Apotheco is a leading clinically focused network of specialized pharmacies serving the dermatology market. Through its high-touch model, Apotheco benefits prescribers, patients and payors by providing convenience, cost savings and leading customer service. For more information, visit https://www.apothecopharmacy.com.
About Comvest Partners
Comvest 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 $9.3 billion in assets, and has invested over $11 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.
In 2023, the M&A market for healthcare companies continues to build on STRATEGIC opportunities in the current market. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
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