New
Financings
WestView is All In on Newest Platform
Abacus Finance provides debt and an equity co-investment to support the investment in Benefits All In
WestView Capital Partners has made a minority growth investment in Benefits All In, a provider of employee healthcare benefit navigation and risk management services. Benefits All In (BAI) provides services that help employees and their families understand and use healthcare benefits offered by their employers. The company operates a technology-enabled service model that combines data analysis with human support to guide individuals through insurance coverage, provider selection and medical billing questions. Services provided by BAI…
Testing the Waters: Abacus Backs Atlantic Street’s Pool Centurion Platform
Debt package from Abacus, administrative agent and lead arranger, positions Pool Centurion for add-on acquisitions
Abacus Finance Group has provided $10 million in senior debt financing to support Atlantic Street Capital’s investment in Pool Centurion Group. Abacus was the senior secured credit facilities administrative agent and lead arranger on the transaction. Pool Centurion Group provides pool services, including weekly maintenance and repair work, to residential and commercial pool owners in South Florida. The company operates under multiple brands including Reef Tropical Pools, Naples Pool Service, Southwest Pools, and Pool Service…
Abacus Ramps Up Deal Activity with Two New Closings
Abacus Finance Group has had an active start to the second quarter, closing two transactions supporting private equity partners in lower middle-market investments. The New York City–based Abacus Finance Group targets private debt financing opportunities of up to $60 million and finances companies with EBITDA between $3 million and $15 million. In April, the firm provided senior debt financing and equity for the leveraged buyout of Marcy Laboratories by LFM Capital and separately backed a…
Through Western Vet, TPG Twin Brook Builds Relationship with Tyree & D’Angelo
TPG Twin Brook has increased its credit facilities to Western Veterinary Partners, a Tyree & D’Angelo Partners (TDP) portfolio company since June 2019. Western Veterinary Partners (WVP) provides non-clinical support services to a network of general veterinary practitioners specializing in companion animal care, offering medical, dental, and surgical care for pets. TDP formed Denver-headquartered WVP in June 2019 to invest in and manage veterinary clinics. Today, WVP is led by CEO Carollee Brinkman and operates…
Trinity Launches Sponsor Finance Vertical
Publicly traded Trinity Capital has formed a new sponsor finance vertical and added three new professionals to its team to staff the new strategy. Trinity Capital (NASDAQ: TRIN) is a provider of a range of financial services to growth-stage companies that have institutional equity investors. The firm’s objectives, across all its investment strategies, are to generate current income and capital appreciation through term loans and equipment financings, and equity-related investments. Joining Trinity to launch the…
LongueVue Acquires Kingston Brass with Abacus Backing
LongueVue Capital (LVC) has acquired Kingston Brass, a designer and distributor of kitchen and bathroom fixtures, bathtubs, and accessories. Kingston designs and distributes water fixtures, bathtubs, kitchen and bathroom accessories, and other plumbing products to both residential and commercial customers through both direct-to-consumer and business-to-business channels. The company’s products – sourced from long term Taiwan-based suppliers – range from kitchen and bath faucets and sinks to matching plumbing trim and includes air gaps, filtration faucets,…
Lineage Acquires Bellwether Media with Abacus Backing
Abacus Finance Group was the Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities used to back the acquisition of Bellwether Media by Lineage Capital. In addition to its credit support, Abacus also made an equity co-investment in Bellwether. Bellwether is a publisher of educational children’s books for students in pre-K through seventh grade under the Bellwether, Jump!, Bearport, and Kaleidoscope brands. The company has a portfolio of more than…
Abacus Backs Eureka’s Buy of Advertiser Perceptions
Eureka Equity Partners has acquired Advertiser Perceptions with senior debt and an equity co-investment from Abacus Finance. Abacus was the Senior Secured Credit Facilities Administrative Agent and Sole Lender. Advertiser Perceptions is a provider of research-based data, market intelligence, and analysis to the media, advertising, and ad tech industries. The company was founded in 2002 by Ken Pearl and Randy Cohen and is headquartered in New York City. “Abacus provided us with tremendous support early…
Always Active Abacus Starts Fast
Abacus Finance is continuing its active support of private equity buyouts with the close of new transactions for Thompson Street Capital Partners, American Pacific Group, Pine Tree Equity, and WestView Capital. In December, Abacus provided $34.5 million of debt to support American Pacific’s acquisition of Media 1 Digital Imaging Solutions, a distributor and integrator of private label and third-party wide-format, digital textile printing products including consumable textiles and fabric, ink, paper, and solvent; equipment, accessories,…
Abacus Backs Another LongueVue Platform
Abacus Finance Group has provided senior secured debt to support the acquisition of Summit Clinical Research by LongueVue Capital. Abacus also made an equity co-investment. Summit Clinical Research (SCR) is an integrated research organization that specializes in Hepatology, a branch of medicine concerned with the study, prevention, diagnosis, and management of diseases that affect the liver, gallbladder, and pancreas. Within Hepatology, SCR specializes in non-alcoholic steatohepatitis (NASH), liver inflammation and damage caused by a buildup…
O2 Backs West Edge’s Buy of Dakotaland Autoglass
O2 Sponsor Finance, a division of Old Second National Bank, has provided senior secured credit facilities to back the buy of Dakotaland Autoglass by West Edge Partners. Dakotaland Autoglass (DAG) is a distributor of aftermarket automotive replacement glass, and paint & body equipment to autobody shops and glass installation businesses. The company’s inventory includes over 50,000 auto glass parts. In addition to its distribution activities, DAG also provides a range of services including windshield replacement,…
