Zomax Completes $20.7 Million Round of Credit Financing
Dublin, Ohio, May 27 /PRNewswire/ -- Zomax, one of the
largest
independent providers of scalable media replication and
duplication
services, announced today that it has completed
a $20.7 million round of credit financing. The funds will be utilized to facilitate Zomax's
strategic expansion plans. The financing has
been provided by Wachovia, in combination with ComVest Investment Partners. ComVest Investment
Partners
is part of The ComVest Group, the West Palm Beach-based
private equity firm
who took Zomax private through a $72 million
transaction in October 2006.
"This latest round of financing creates the necessary flexibility
for
Zomax to implement several new business initiatives that
management has
been developing with existing and new
customers," stated Robert L. Priddy, Managing Partner of The ComVest Group. "Zomax has an impressive and
growing
roster of clients and this new liquidity seeks to
facilitate the team's
efforts for clients, while becoming even more solution and services
oriented."
Zomax also announced Arun Khurana, Operating Partner at The ComVest
Group, as the Company's Chief Executive Officer. Mr.
Khurana stated, "We
look forward to working closely with all our
customers to ensure that these newest business initiatives continue to enhance the highest quality
service
and support that has always been the Zomax benchmark.
This most recent
financing arrangement will greatly help Zomax to accelerate our
global
initiatives in the industry."
About Zomax:
Zomax helps companies efficiently bring their products and content
to
market through a range of Media and Supply Chain
Solutions. Zomax's program
management approach to supply chain solutions
leverages a modular suite of
services that include project and data management,
customer contact and
eCommerce services. Zomax is one of the largest
independent providers of quick-turn, scalable media replication and duplication services.
The
Company manufactures, packages and ships millions of
units per week from a
network of production centers strategically
located across the United States, Canada and Mexico. For additional information on Zomax,
visit
http://www.zomax.com .
About The ComVest Group:
The ComVest Group is a leading Private Equity firm focused on
investing
in middle-market companies. Since 1988 ComVest has
invested more than $2
billion of capital in over 200 public and
private companies worldwide.
Through the firm's extensive financial resources and
broad network of
industry experts, they are able to offer
companies total financial
sponsorship, critical strategic support and business
development assistance. The ComVest Group's focus is centered on building
industry
leading companies and creating long term value for
equity holders. For
additional information on The ComVest Group, visit
http://www.comvest.com.
About InfusionCapital
InfusionCapital is an investment banking consultancy
firm, specialized in a unique, integrated approach to
capital formation for small cap and emerging growth
companies. The firm has extensive experience in
assisting client companies with each phase of
capitalization and the complex processes that accompany
it.
They leverage their years of investment banking
experience on Wall Street, and their long-term
relationships with leading portfolio management firms,
key investment managers, and national brokerages to help
clients make the right connections and deliver a
consistently powerful message that gets results. For
further information about InfusionCapital, visit
www.infusioncapital.com.
For more
information, contact:
Andrew Zelman
Infusion Capital
407-566-1090
www.infusioncapital.com
