Abacus Finance Group served as administrative agent and lead arranger for senior secured credit facilities to support the refinancing of ECA Medical Instruments by LongueVue Capital (LVC).
Founded in 1979 and headquartered in Thousand Oaks, CA, ECA designs and manufactures precision single-procedure torque-limiting instruments and single-use surgery ready procedural kits.
Based in New Orleans, LVC is a private equity firm focused on making situation-driven, value-oriented investments in lower middle market companies with up to $150 million in annual revenue to support buy-outs, recapitalizations, acquisitions and growth.
“Once again, Abacus proved to be a reliable and value-added partner,” said LVC Partner Ryan Nagim.
“We are excited to have closed another transaction with our partners at LVC,” said Tim Clifford, president and CEO of Abacus Finance.
Abacus Finance is a direct lending company, focused on providing cash flow senior financing to private equity-sponsored, lower-middle market companies nationwide.
