Abacus Finance Group served as administrative agent and lead arranger for $34.5 million in senior secured credit facilities to support the leveraged buyout of Media 1 Digital Imaging Solutions, a large format printing services provider, by American Pacific Group, a San Francisco-based private equity firm.
“The transaction process was handled smoothly and the Abacus team executed the transaction rapidly,” Fraser Preston, a managing partner at American Pacific Group, said. “The deal team dug deep into the company to learn the business and the industry and closed the transaction in just three weeks, a tremendous effort on their part.”
“We are excited to have had the opportunity to close our first transaction with the team from American Pacific Group,” Tim Clifford, president and CEO of Abacus Finance Group, said. “Securing this new relationship is a reflection of our ability to provide speed, cash-flow flexibility and certainty of close, key aspects of what we call our total partnership approach.”
“American Pacific Group was great to work with in this transaction and they brought us a standout company,” Seth Friedman, a managing director at Abacus Finance Group, said. “Media 1 Digital Imaging Solutions is a highly attractive niche business offering a full suite of products and services.”
Friedman worked with Greg Scanlon, an associate at Abacus Finance Group, on this transaction. Goulston & Storrs provided legal counsel to Abacus Finance Group.
