Abacus Finance Group, a provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies, served as senior secured credit facilities administrative agent and lead arranger in a senior debt financing to support LongueVue Capital’s investment in Apex Dental Laboratories Group. Abacus Finance Group also made an equity co-investment in Apex Dental Laboratories Group.
“It’s such a joy watching this team execute credit investing. Like a thoroughbred in full stride. Poetry in motion,” Austin Rees, partner at LongueVue Capital, said.
“We are always happy to support investments from LongueVue in one of their core industry verticals,” Tim Clifford, CEO and founding partner of Abacus Finance, said. “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.”
Eric Petersen, senior managing director of Abacus, added, “We can’t emphasize enough how much we appreciate this team coming back to us, yet again.”
Abacus’ Greg Scanlon, vice president, and Jeremy Pak, analyst, also helped lead the transaction. Legal counsel was provided by Goulston & Storrs.
