Comvest Partners Expands Private Equity Team with Senior Hire
July 09 2024 - 7:30AM
Business Wire
Eric Shields Rejoins Firm as a
Principal
Comvest Partners (“Comvest”), a leading middle-market private
equity and credit investment firm, today announced that Eric
Shields has rejoined the firm as a Principal in the private equity
group, where he is responsible for sourcing, evaluating, executing
and monitoring private equity investments. Mr. Shields was
previously with Comvest from 2016 to 2021, most recently as a Vice
President.
Mr. Shields brings more than a decade of middle-market private
equity investment experience across a broad range of industry
sectors. He joins Comvest from Datavest Partners, a Fort
Lauderdale-based private equity firm.
During his earlier tenure at Comvest, Mr. Shields led market,
business, financial underwriting and ongoing portfolio management
of consumer and services companies. He played integral roles in a
number of key transactions for the firm, including RugsUSA, a
leading rugs e-retailer, and Lasko, a leading retailer of portable
fans and other home comfort products.
“We are delighted to welcome Eric back to Comvest,” said Maneesh
Chawla, a Managing Partner of Comvest and head of the Private
Equity strategy. “Eric is an excellent private equity investor who
brings considerable management experience along with specialized
sector and transaction expertise to our growing private equity
team. We look forward to his leadership in developing opportunities
and helping our portfolio companies execute strategic and
operational initiatives focused on driving business growth and
long-term value.”
“I am thrilled to return to Comvest,” Mr. Shields said. “Comvest
is a special firm with a well-earned reputation as an outstanding
private equity partner that offers committed financial sponsorship,
versatile operational resources, and a collaborative approach to
building better businesses. I am excited to rejoin my
colleagues.”
Mr. Shields’ earlier work in the private equity and investment
banking industries also includes roles with H.I.G. Capital and
Stephens Inc.
Mr. Shields received a B.S. in Business Administration, with a
concentration in Finance, from the University of Florida, where he
graduated with honors.
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 $12.3 billion in assets, and has invested over $12.8
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240708413121/en/
Maneesh Chawla, Managing Partner, Comvest Partners –
m.chawla@comvest.com Alex Ray, Director, Business Development,
Comvest Partners – a.ray@comvest.com