GLORY Launches Next Generation Teller Cash Recyclers – Consumer Electronics Net
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GLORY Launches Next Generation Teller Cash Recyclers
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Comvest Credit Partners Announces Investment in ARCA Holdings
Comvest PartnersFebruary 16, 2021 GMT
WEST PALM BEACH, Fla., Feb. 16, 2021 (GLOBE NEWSWIRE) Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $95.0 million Credit Facility (the “Financing”) to ARCA Holdings, a manufacturer of cash automation solutions. The financing was used to repay certain existing debt.
About ARCA Holdings:
ARCA Holdings, founded in 1998 and headquartered in Mebane, NC, is a manufacturer and distributor of fully integrated and proprietary Teller Cash Recycler (“TCR”) machines and other related products that help automate cash deposits and withdrawals for financial, retail, and OEM customers. With corporate headquarters in North Carolina, ARCA has worldwide offices in Italy, France, and the UK with customers in more than 50 countries. For mo