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11-29-2012, 05:13 PM #1Member
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In regards to MCC, there are several deals that were publicly announced and they all state they were debt deals, not equity.
The last PR i could find on it from October:
"Merchant Cash & Capital (MCC) has secured $25,000,000 in senior debt financing from Comvest Capital and Community National Bank. "
http://www.focusbankers.com/news/201...ng_for_mcc.asp
Can you show me a link that says comvest bought 30% of mcc?
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11-30-2012, 10:01 AM #2Senior Member
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I heard that deal was a debt equity combo, that release looks like the debt portion.
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11-30-2012, 02:51 PM #3Veteran
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Not announced. Comvest secured the line for them BECAUSE they had the 30% stake. They took over for the bankrupt Cynergy Data. They shopped the portfolio around, but after there were no buyers, they decided to make lemonade out of lemons and secured them the line to protect investment.
Originally Posted by miked
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