Abacus Finance Group, a provider of cash flow-based senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, served as administrative agent and lead arranger for senior secured credit facilities to support the acquisition of Maury Microwave by Artemis Capital Partners. Abacus also made an equity co-investment in Maury Microwave.
Based in Ontario, Maury Microwave is a RF calibration, measurement and modeling solutions partner to manufacturers in the wireless technology chain across telecommunications, semiconductor, aerospace, defense, instrumentation and research industries.
Founded in 2010, Artemis Capital Partners is a Boston-based private equity firm focused on acquiring and growing manufacturers of differentiated industrial technologies.
“The Abacus approach in this transaction was flexible, the due diligence process went smoothly and communications — including early assurance of closure — were clear from the beginning,” James Ward, managing director of Artemis, said.
“As in other transactions, our success was a function of our speed, flexibility and certainty of close — key aspects of what we call our total partnership approach,” Tim Clifford, president and CEO of Abacus Finance Group, said.
“We’ve been working with these folks for over seven years, and it is great to finally align on a deal,” Eric Petersen, director at Abacus Finance Group, said.
Eric Petersen and Austin Rendell were among the Abacus team members involved with this transaction. Goulston & Storrs provided legal counsel to Abacus.