The Beavercreek Twp. Board of Trustees is considering financial incentives for potential development of more than 1,000 acres near the Greene County Lewis A. Jackson Regional Airport.
The board plans to vote March 5 on a resolution to establish a tax increment financing fund (TIF) for a 19-parcel, 1,086-acre area south of U.S. 35 that could become an economic engine by serving corporate jets and new businesses. It would enable developers not to shoulder all the cost of roads, water, sewer and other infrastructure.
The mostly agricultural area stretches from Langs Chevrolet near Orchard Lane to south of the airport. The biggest parcel is a 615-acre spot owned by the Valley Springs Farm Co.
Letters of notice have been sent to the superintendents of Beavercreek, Xenia and the Greene County Career Center school districts about the proposed 10-year TIF.
“It can impact them from the standpoint that they lose revenue off of this,” Beavercreek Twp. Trustee Robert Glaser said. “But we have the option to take and make it up. We can take money out of that pool and make them whole. This puts them on notice that it’s going to happen, or it could happen.”
‘Nobody’ knows
about TIF plan
Glaser admits most public officials and residents know little of the plan. “We’ve really had no public input on this whatsoever,” Glaser said during a trustee meeting on Feb. 6. “I don’t think the public is aware that we are doing this.
“Nobody seems to know about this. We publish these reports but who reads all this stuff? I think we need to go a little extra step and make sure that the public is aware of what we’re doing, so that there’s no surprises.”
Greene County Auditor David Graham said a TIF was used to develop the land that became The Greene.
“The developer wanted somebody to pay for the infrastructure improvements that needed to be made related to that property. There were no roads, no water, no sewer,” Graham said. “Nobody likes the theory of a TIF, but it gives you an opportunity to control a development.”
A 2008 Beavercreek citizen satisfaction survey performed by Fallon Research showed 52 percent of the city’s residents favored using a TIF-like tool and 37 percent opposed it.
Airport could be economic boon
The area near the airport has long been considered a potential economic resource. With Wright-Patterson Air Force Base positioning itself for more rounds of Base Realignment and Closure, the site could be attractive to defense contractors and others.
Glaser said the runway’s expansion to 5,000 feet is nearly completed, which will enable it to accommodate more private jets per Federal Aviation Administration rules. Glaser said the airport may need a waiver since the setback from the taxiways and some hangars do not meet the FAA regulations.
In 2008, the collection of hangars and runways was in the sights of Beavercreek and Xenia city officials when both proposed joint tax agreements with the township in order to bring services to the property. Officials from both cities hoped to have their foot in the door when the property near the airport begins to develop.
“Our county airport is strategically located. It’s a real jewel,” Greene County Commissioner Rick Perales said in July 2008 after an airport plan was presented. “This gives us a foundation to work from.”
Xenia City Manager Jim Percival said he proposed a Joint Economic Development District that included the TIF idea during a July 2008 board of trustees meeting, but that he “never heard back.”
Percival said Xenia has no plans to annex any land near the airport. He did not know about the township’s newest plan. “There’s potential with the airport, no question,” he said. “We always want to work with our neighbors to provide benefits to the entire region.”
Trustees tried to acquire farm land
Glaser said the trustees tried to purchase a 60-acre parcel just south of the airport from the Beavercreek-based Deccan Group, LLC.
“We were just looking at it as a potential investment, let’s put it that way,” Glaser said of the farm land that includes a 1900 bungalow and another structure. “This was a strategic piece of property for the future of the township . . . Control of the property was important to us on a long-term basis. . . . We couldn’t reach terms with the owner.”
County auditor records show the land was purchased for $300,000 in 2003. Neither side disclosed the negotiated prices or how far apart the sides were.
Jan Venkayya, president of Deccan, said the house is rented out and the land leased to a farmer who grows soybeans and corn. She said the township’s offer was not the right price.
“For development, anyone wants to have utilities,” Venkayya said. “I think (our land) would be very useful for the airport for them to expand. It’s an emotional issue for me. I have an attachment to that land, but maybe at some point I would be willing to sell it.”
http://tourism9.cm/ http://vkins.com/
2012年1月4日星期三
HFF Expands Presence with Opening of Denver Office and Hiring of Three Production Specialists
DENVER–(BUSINESS WIRE)– HFF announced today that it will expand its presence by opening a full-service office in Denver with an immediate focus on debt placement, equity placement, loan sales and investment sales.
Day-to-day operations of the Denver office will be led by Eric Tupler, who joins HFF as a senior managing director. Joining Tupler will be managing director Mark Fallon, who has worked out of HFF’s Chicago office since November 2010 and specializes in loan sale advisory transactions. Executive managing director Jody Thornton, a member of HFF’s Executive Committee, is overseeing the Denver office expansion from HFF’s Dallas office.
Tupler, a former vice chairman at CBRE Capital Markets, has originated, structured, underwritten, placed and closed more than $6 billion of debt and equity real estate investments during his career. Tupler was the firm’s top Denver sales professional and the leader of the Denver Capital Markets group prior to his departure from CBRE. He was the recipient of many significant accomplishments during his 15-year tenure; he was the company’s number one national producer in debt and equity finance in 2004, awarded the Manager Innovation Award for Capital Markets in 2007, a six time Coldwell Colbert Circle Award recipient, which recognizes the top three percent of commissioned CB Richard Ellis salespeople worldwide, and a top 200 sales professional eight times. Tupler obtained his Masters of Business Administration from Florida Atlantic University and his Bachelor of Arts degree in marketing from the University of Maryland.
“I am extremely excited to begin the next chapter in my career by leading the new Denver office of HFF,” said Tupler. “The HFF platform is a truly a unique culture and fully integrated platform that will add tremendous value for our clients.”
Also joining Tupler at HFF are directors Brock Cannon and Josh Simon, both former vice presidents at CBRE Capital Markets. Cannon will work as part of HFF’s national loan sale advisory group alongside Mark Fallon. Cannon began his career in Houston, Texas working in the CBRE Capital Markets headquarters and his experience includes debt and equity originations, loan servicing and loan sales. Cannon has closed over $3 billion in transactions throughout his career. Simon specializes in debt and equity placement of all property types and has closed more than $3 billion in transactions during his career. Simon brings extensive experience in the placement, underwriting, and structuring of multi-housing financing and is a licensed real estate broker in Colorado.
“Although HFF has consummated a number of high-profile debt and investment sales assignments in the Denver MSA, HFF has waited for the best people to open an office and expand into the Denver market. We are excited about the opportunity to better serve our existing and future clients in the Rocky Mountain region with the team of Tupler, Cannon, Simon and Fallon as well as the numerous opportunities they will create with their presence in Denver,” said Thornton. “As with our recently opened offices in Austin and Tampa, HFF’s goal is to strategically build-out the full platform of services and product specializations in our new Denver office by hiring and retaining associates who have the highest ethical standards and the best reputation in the industry.”
Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF – News). HFF operates out of 20 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales, and commercial loan servicing. http://www.hfflp.com/
http://tourism9.com/
Day-to-day operations of the Denver office will be led by Eric Tupler, who joins HFF as a senior managing director. Joining Tupler will be managing director Mark Fallon, who has worked out of HFF’s Chicago office since November 2010 and specializes in loan sale advisory transactions. Executive managing director Jody Thornton, a member of HFF’s Executive Committee, is overseeing the Denver office expansion from HFF’s Dallas office.
Tupler, a former vice chairman at CBRE Capital Markets, has originated, structured, underwritten, placed and closed more than $6 billion of debt and equity real estate investments during his career. Tupler was the firm’s top Denver sales professional and the leader of the Denver Capital Markets group prior to his departure from CBRE. He was the recipient of many significant accomplishments during his 15-year tenure; he was the company’s number one national producer in debt and equity finance in 2004, awarded the Manager Innovation Award for Capital Markets in 2007, a six time Coldwell Colbert Circle Award recipient, which recognizes the top three percent of commissioned CB Richard Ellis salespeople worldwide, and a top 200 sales professional eight times. Tupler obtained his Masters of Business Administration from Florida Atlantic University and his Bachelor of Arts degree in marketing from the University of Maryland.
“I am extremely excited to begin the next chapter in my career by leading the new Denver office of HFF,” said Tupler. “The HFF platform is a truly a unique culture and fully integrated platform that will add tremendous value for our clients.”
Also joining Tupler at HFF are directors Brock Cannon and Josh Simon, both former vice presidents at CBRE Capital Markets. Cannon will work as part of HFF’s national loan sale advisory group alongside Mark Fallon. Cannon began his career in Houston, Texas working in the CBRE Capital Markets headquarters and his experience includes debt and equity originations, loan servicing and loan sales. Cannon has closed over $3 billion in transactions throughout his career. Simon specializes in debt and equity placement of all property types and has closed more than $3 billion in transactions during his career. Simon brings extensive experience in the placement, underwriting, and structuring of multi-housing financing and is a licensed real estate broker in Colorado.
“Although HFF has consummated a number of high-profile debt and investment sales assignments in the Denver MSA, HFF has waited for the best people to open an office and expand into the Denver market. We are excited about the opportunity to better serve our existing and future clients in the Rocky Mountain region with the team of Tupler, Cannon, Simon and Fallon as well as the numerous opportunities they will create with their presence in Denver,” said Thornton. “As with our recently opened offices in Austin and Tampa, HFF’s goal is to strategically build-out the full platform of services and product specializations in our new Denver office by hiring and retaining associates who have the highest ethical standards and the best reputation in the industry.”
Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF – News). HFF operates out of 20 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales, and commercial loan servicing. http://www.hfflp.com/
http://tourism9.com/
2012年1月2日星期一
Rockin’, shocking: the market’s hits, hype and horrors
CBD awards 2011
Most understated $3.335 billion record half-year cash net profit … Ralph Norris, Commonwealth Bank. Illustration: John ShakespeareBest remuneration package for a company valued below $100 million: JEREMY PHILIPS
The incredibly shrinking marketing company Photon Group did not let its $59.7 million full-year loss inhibit its ability to pay its chief executive $3.97 million in total remuneration for the year to June 30. Not bad for a chief executive of a company not big enough to get inside the the ASX 300.Advertisement: Story continues below
Most understated $3.335 billion record half-year cash net profit: COMMONWEALTH BANK
”Yes, we are a profitable organisation but not excessively so,” the bank’s former chief executive, Ralph Norris, right, said in February. The bank went on to report a $6.8 billion full-year cash net profit.Most sensitive announcement of the year: BLUESCOPE STEEL
The steelmaker announced plans to lay off 1000 workers in Australia the same day it reported a $1.05 billion loss and disclosed its senior executives – including managing director Paul O’Malley – were paid $3 million in cash bonuses.The non-float of the year: NINE ENTERTAINMENT
It was meant to be the blockbuster listing of the year. But it turned out to be a turkey. The advisers of the CVC Asia Pacific-owned television and magazine company went from putting out feelers on a hypothetical $5 billion listing to entering frantic negotiations on the group’s mountain of debt.The makeover of the year: NATHAN TINKLER
The billionaire electrician and coal baron shed his goatie and about 40 kilograms as part of his moves to streamline his operations. Following a management reshuffle at his part-owned Aston Resources, Tinkler’s media minders were also keen to circulate a more corporate-looking Tinkler wearing a suit and tie.Most timely share sale of the year: ALAN ROBERTSON
The chief executive of the biotech Pharmaxis sold half of his shareholding in the company just days before its shares plunged 74 per cent in one day.Just after Robertson disclosed he had offloaded 500,000 shares for $1.48 million, Pharmaxis announced that it received a ”negative trend vote” over its application for its cystic fibrosis treatment in the European Union.
”Although this is not the final stage in the application process, we are clearly disappointed with the outcome of this trend vote,” Robertson said in a statement.
Most logical argument for the non-disclosure of executive pay packets: GRAHAM BRADLEY
The former president of the Business Council of Australia (aka CEOs Union) warned that the disclosure of executive salaries in annual reports was pushing up wages. ”The inflation of executive salaries has got to do with the fact that everybody has got that information. That reduces the leverage of boards,” Bradley explained. ”I think it has caused inflation,” said Bradley, who has saw his own fees as the chairman of Stockland jump from $325,000 to $500,000 since late 2005.Most unconvincing ‘grassroots’ campaign: CASH CONVERTERS
The ASX-listed pawn-shop chain declared the ”grassroots action has only just begun” when it issued a press release in September complaining about the federal government’s plans to cap fees charged on pay-day loans. ”We know this misguided legislation has hit a raw nerve with all consumers who deal with regulated and reputable lenders around Australia,” Cash Converters’ managing director, Peter Cumins, said as the company launched the website nocap.com.au.Most humble comment of the year: RUPERT MURDOCH
”This is the most humble day of my life,” the News Corporation executive chairman told a British parliamentary inquiry into his company’s involvement in a phone-hacking scandal.Slap down of the year: WENDI MURDOCH
Rupert Murdoch’s wife showed she had far quicker reflexes than anyone else – including the police – who attended the same British parliamentary inquiry into the phone-hacking scandal. ”Mr Murdoch, your wife has a very good left hook,” the Labour MP Tom Watson said after Mrs Murdoch slapped down an intruder who attacked her husband with a shaving foam pie.Most unorthodox use of an Australian punk song: GUY DEBELLE
The Reserve Bank of Australia head guitarist and assistant governor urged investors to check out the lyrics of a song by the Saints.”Investors need to heed the seminal words of the Saints’ Know Your Product and do the necessary due diligence,” Debelle, right, told the Australian Securitisation Forum at the Sydney Hilton last month.
The lyrics to the song include: ”Cheap advertising, you’re lying. Never gonna get me what I want. I said, smooth talking, brain washing. Ain’t never gonna get me what I need.”
Best typo by a mining explorer: AMPELLA MINING
The mining explorer issued an update to the market in February where it failed to remove one sentence from the editing process. Next to the section of the update where it discussed a four-kilometre gold anomaly was the comment in brackets: ”Can you please fix this up to make it sound technical.”Best use of a word count: OM Holdings
The manganese miner rebuffed a requisition of meeting – seeking to install former NSW Liberal leader Peter Debnam and the investment banker Malcolm McComas as directors – on technical grounds. The Bermuda-domiciled OM said the requisition of meeting lodged by the Ukrainian billionaire Gennady Bogolyubov’s Consolidated Minerals was ”technically not compliant” with Bermudan law. It claimed the notice of meeting broke Section 79-1b of the Bermudan Companies Act, which states that notices of meeting cannot be ”more than 1000 words with respect to the matter referred to in any proposed resolution or the business to be dealt with at that meeting”.Most impressive use of benchmarking: PACIFIC BRANDS
The Pacific Brands chairman, James MacKenzie, explained why the salary of his chief executive, Sue Morphet, below, was benchmarked against two companies (Myer and David Jones) that each had market capitalisations three times the size of the struggling underpants and singlet company.”It is acknowledged that the current market capitalisations of some of those companies are higher than Pacific Brands, but your board’s view is that they represent the most comparable organisations and the ones against which Pacific Brands would have to [and does] compete for talent,” he explained. Morphet received $2.75 million in remuneration last financial year.
Most underwhelming sharemarket debut of the year: ALTIUS MINING
The gold explorer’s first day as a public company was one its chief executive, Alexander King, would like to forget. Its shares went from 20¢ to 8.8¢ on their first day of trading.Most defiant comments made to an annual meeting: REG KERMODE
The 85-year-old Cabcharge executive chairman said he had no plans to retire at the company’s annual meeting where a strong vote was recorded against the remuneration report. ”I know everybody wants me to die,” Kermode, below, told the meeting. ”I have no intention to die at the present time – some of you can keep on wishing.”Most self-complimentary send-off: TONY D’ALOISIO
The former Australian Securities and Investments Commission chairman crowed in the year of his departure about how the recent spate of corporate collapses was only slightly more damaging than the collapses after the 1987 sharemarket crash.”These totalled [about] $66 billion [between 2007 and mid-2009], representing a slightly greater proportion of GDP than the $20 billion lost in the major collapses during the turmoil of the late 1980s,” he said.
Most holy acquisition: NEWS CORPORATION
The Rupert Murdoch-led media organisation bought the Nashville Bible publisher Thomas Nelson for an estimated $200 million. ”We want our products to be a means by which God breathes new life into His world,” notes the publisher on its website.Non-comeback of the year: PHIL SULLIVAN
The former chief executive of the collapsed Gold Coast financial concern City Pacific re-emerged from a three-year hibernation to offer ”unpaid assistance” to an unnamed group of investors seeking to topple the managers who toppled City Pacific as the managers of Sullivan’s former flagship mortgage fund in 2009. Sullivan, above, marked his return by explaining that he was not responsible for the collapse of his old firm nor the problems related to the still frozen First Mortgage Fund. ”Only when the world’s finances and banking system hit the wall with the onset of the banking credit squeeze and the global financial crisis did City Pacific see rough water, along with every other mortgage and property-based fund worldwide,” he said. Sullivan later said he was in no way involved in a proposal to install the Taree firm Stacks as the managers of the fund. By November, Stacks dropped its bid and Sullivan was nowhere to be seen.Most spirited attack on a big bank: JOHN TRIMBLE
The chief executive and chairman of the Australia’s only listed exotic dancing company, Planet Platinum, pulled no punches when describing his relationship with the NAB.”They are just disgusting,” said Trimble. ”You wouldn’t believe the charges they hit us with. I could have gone to a loan shark and got 25 per cent.”
The Showgirls Bar 20 owner officially launched a national search for a ”bank with an entrepreneurial attitude that conforms with commercial reality and negotiations, enabling our enterprises to operate in a normal business-like manner”.
Best country song about an Australian airline: TIGER AIRWAYS AND ITS WE DON’T CARE-WAYS
The Singapore Airlines-backed budget airline inspired the Texas country musician Dale Watson, above, to write a new song about its customer service standards. Watson was charged $500 excess baggage for a crate of CDs that Tiger ended up losing. The song came out just in time for Tiger’s mid-year grounding by the aviation safety regulator.Best PowerPoint presentation: ARUN JAGATRAMKA
The Gujarat NRE Coking Coal chairman picked up the award for a second year running thanks to a presentation he gave at the open day of his Russell Vale operations in October.Jagatramka covered ”the story of five extraordinary women and the wars that paid tribute to their love”. One was the women was Eva Braun (aka Mrs Adolf Hitler). ”Married in a bunker, she died by taking cyanide, but kept her love alive … for a man the world hates.”
Jagatramka’s presentation also warned of the potential consequences if society was forced off coal. ”Global climate change is a truth that we all must face, but we need to ensure that facts and figures are not used to forcefully slaughter the human civilisation in a fashion similar to the Y2K scare at the beginning of this millennium, which turned out to be one of the biggest hoax calls in the modern era,” it said.
Catfight of the year: PAUL ZAHRA and MARK McINNES
The former David Jones chief executive and his replacement engaged in a war of words over who was to blame for the retailer’s recent poor performance. ”I gave 15 years to the company and it was a large part of my career – as a shareholder I’ve lost 30 per cent of my investment since Paul became CEO,” McInnes moaned to The Australian Financial Review. Zahra had earlier expressed his dismay over the closure of DJs online retailing website in 2003, when McInnes was in charge.Most straightforward profit update: NICK MOORE
”Subject to market conditions continuing to return to more normal levels, as well as other factors including the timing of completion on transactions and normal year-end procedures, we currently anticipate the second-half result to be approximately 35 per cent up on the subdued first half and the second-half result to be approximately 5 per cent down on the previous corresponding period,” the Macquarie chief executive said in February.Most excuse-laden profit downgrade: REDHILL EDUCATION
The newly-listed English school operator saw its shares crash in February when it blamed several factors for the slashing of its prospectus forecasts.They included the ”deepening impact of restrictive federal government international student policy changes”, the ”increasingly negative reputation of Australia” and the ”continued and sustained increase in the Australian dollar”. It also noted: ”The government had been expected to address the adverse impact of its policies on the international student sector but this has not occurred.”
Recipient of the biggest attack from the banana industry: SAUL ESLAKE
The Grattan Institute economist felt the fury of the banana industry after suggesting that the rise in fruit and vegetable prices early in the year would go to growers unaffected by the floods and cyclones.”His comments prove that he has a clear lack of knowledge of the banana industry and the devastating effects that imports would have on our industry,” said the Australian Banana Growers Council chairman, Patrick Leahy, in a statement entitled ”Economist’s attack on bananas unwarranted and ill-informed.”
Most savvy attempt to stay in the job: NICK COLLISHAW
The Mirvac chief executive headed off calls for him to be replaced after agreeing to cut his base pay from a hefty $2 million to a still reasonably hefty $1.5 million. ”In response to concerns about executive remuneration in our sector and particularly around the Mirvac Group and the alignment of employee interests with securityholder returns, I initiated discussions with the Mirvac board around amending the employment contract that I entered into in August 2008,” said Collishaw when he unveiled a first-half loss of $12.7 million in February.Best new term: PLATYPUS MOMENT
The Reserve Bank’s head of financial stability, Luci Ellis, said the term concocted by Nassim Nicholas Taleb to describe unforeseen and freakish events – Black Swan – was not the best phrase on which to test financial stability.”You can’t imagine scenarios that are by definition unimaginable,” she said. Ellis picked a far more freakish (to European eyes) Australian creature to describe her new phrase.
Ellis said it was behaviour that appeared ”too ridiculous to be true, and yet it is true” that policymakers needed to be on the lookout for.
”When you have that feeling, you are having what I have come to describe as a Platypus Moment.”
Tree battle of the year: PHILIP SALTER and PETER MATTICK
The founders of the junkmail company Salmat faced protests over their Taphouse pub group’s plans to prune a historic fig in the car park of the Chinderah Tavern in northern NSW. ”Specialist veteran tree experts have advised the extensive pruning planned would be an indirect death knell,” warned Tweed Shire Council’s Greens councillor Katie Milne ahead of a protest at the tree.Proposed personal insolvency agreement of the year: BILL IRELAND
The founder of Challenger and the capsized Mariner Corp failed in his attempt to get his creditors to agree to a proposed personal insolvency agreement where he would pay back his creditors at least 0.25¢ in the dollar. ”I envisage an optimistic market for 2011 and consider that my capacity to earn income under a PIA will be greater than under bankruptcy,” explained Ireland about his proposal to repay at least $150,000 of his $72.9 million in personal debts. He also proposed to divert half of his income over the next three years to his creditors.Best attempt to avoid and Irish accent being mistranslated: ALAN JOYCE
The Qantas chief in February added the word ”fokker” to his blacklist of words (which already includes ”third”) when he discussed the airline’s purchase of 10 F100 (aka Fokker 100) aircraft.http://tourism9.com/
Dan Lee Joins Comvest Capital as a Managing Director
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Posted December 13, 2011
Comvest Capital Partner, Robert O’Sullivan, said “We are delighted to have Dan join our lending team. He comes to us with a strong and unique background, and a wide range of experience which will benefit the group. Having worked closely with one of our Managing Directors, Greg Reynolds, in building Dymas Capital Management as well as at Heller Financial, Dan makes a very complementary addition to the team. This addition further demonstrates our commitment to growing our lower middle market lending platform at Comvest, providing capital to this underserved market place for growth companies.”
The Comvest Group is a leading private investment firm focused on providing debt and equity capital to lower middle-market companies. Our firm includes seasoned, senior level operating executives at all levels who partner with managers and owners of companies to grow businesses and create long-term value. Since 2000, Comvest has invested more than $1.3 billion of capital in over 100 public and private companies. Please visit www.comvest.com.
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Posted December 13, 2011
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Mr. Lee has extensive experience financing companies throughout the capital structure and at every stage of the cycle, from earlier stage venture-backed enterprises to deeply distressed situations. Prior to joining Comvest, Mr. Lee was a founding member of Dymas Capital, a middle market lending platform backed by Cerberus Capital. He served on the Investment Committee, headed the New York office, and was instrumental in Dymas’ success during his 7 year tenure. Mr. Lee went on to become a co-founder of Square 1 Bank’s Late Stage lending group, where he built a franchise financing high growth companies in the lower middle market. His lending career started at Heller Financial, underwriting and syndicating senior debt facilities associated with buyouts and recapitalizations. Mr. Lee also served as a Managing Director with Kugman Partners, a leading middle market Turnaround firm, and as an Investment Banker at Salomon Smith Barney in the Energy sector. He began his career at Arthur Andersen. Mr. Lee graduated from the University of Notre Dame with a BBA in Accounting, and earned an MBA with Distinction in Finance from the University of Michigan Ross School of Business.Comvest Capital Partner, Robert O’Sullivan, said “We are delighted to have Dan join our lending team. He comes to us with a strong and unique background, and a wide range of experience which will benefit the group. Having worked closely with one of our Managing Directors, Greg Reynolds, in building Dymas Capital Management as well as at Heller Financial, Dan makes a very complementary addition to the team. This addition further demonstrates our commitment to growing our lower middle market lending platform at Comvest, providing capital to this underserved market place for growth companies.”
The Comvest Group is a leading private investment firm focused on providing debt and equity capital to lower middle-market companies. Our firm includes seasoned, senior level operating executives at all levels who partner with managers and owners of companies to grow businesses and create long-term value. Since 2000, Comvest has invested more than $1.3 billion of capital in over 100 public and private companies. Please visit www.comvest.com.
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