New York – Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lender to support the investment in Daedalus Industrial by LongueVue Capital. In addition, Abacus Finance Group made an equity co-investment in Daedalus Industrial.
Daedalus Industrial is a leading designer, manufacturer, and installer of electrical control panels, building management systems, and industrial automation equipment for the data center, semiconductor, automotive, and general industrial markets. LongueVue Capital is a New Orleans-based equity investment firm focused on providing transformational growth capital to middle-market companies.
“Daedalus represents our eleventh successful collaboration with Abacus,” noted LVC’s Partner Max Vorhoff. “Their consistent performance as lending partners, coupled with their strong knowledge of the data center industry, continues to deliver exceptional value. Once again, they executed seamlessly – a hallmark of their approach.”
“We were more than happy to support another innovative, high caliber transaction brought to us by the LongueVue team,” said Tim Clifford, CEO of Abacus Finance. “As in past transactions with them, our success was a function of our speed, structural flexibility, and certainty of close – key aspects of what we call our Total Partnership Approach.” “LongueVue is always a strong partner and great to work with,” added Abacus Managing Director Eric Petersen.
Abacus Senior Associate Greg Scanlon also helped lead the transaction.
