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 to support the leveraged buyout of Marcy Laboratories by LFM Capital. In addition, Abacus Finance Group made an equity co-investment in Marcy Laboratories.
Marcy Laboratories is a contract manufacturer that specializes in filling perfumes, colognes, eau de toilettes, body mists, room sprays, reed diffusers, linen sprays, and fragrance samplers. LFM Capital, a private equity firm based in Nashville, Tennessee, targets lead or control investments in U.S.-based lower middle market manufacturing and industrial services companies.
Tim Clifford, CEO of Abacus Finance, stated, “As in past transactions, our success was a function of our speed, structural flexibility, and certainty of close—key aspects of what we call our Total Partnership Approach™.”
“We are grateful to the Abacus team once again for their reliable support in this seamless transaction, that included flexibility and rapid execution, the hallmarks of their service,” said LFM Managing Director Conner Harris.
“This was our fifth transaction with LFM Capital, and we continue to be impressed with their manufacturing expertise and thoughtful investment approach,” added Abacus Managing Director Eric Petersen.
Abacus Senior Associate Greg Scanlon and Analyst Matt Campanella also helped lead the transaction.
