Abacus Finance Group, a provider of cash flow-based senior debt for sponsor-led buyouts of lower middle-market companies, served as senior secured credit facilities administrative agent and lead arranger to support Achieve Partners, a private equity firm, in its leveraged buyout of Ascend Partners, a provider of EPM solutions. Additionally, Abacus Finance Group made an equity co-investment in Ascend Partners.

“I am glad that we were able to close our first deal with Abacus,” Aanand Radia, managing director of Achieve Partners, said. “They quickly understood the business and were extremely constructive. We found them easy to work with, and the transaction was handled smoothly and efficiently.”

“We were pleased to have had the opportunity to complete our first transaction with the Achieve Partners team,” Tim Clifford, president and CEO of Abacus, said. “Our ability to meet Achieve’s desire for a smooth execution in a short timeframe is just one of the many attributes of our total partnership approach.”

“Achieve was great to work with in this transaction, and we are excited to partner with them on a standout company,” Austin Rendell, vice president of Abacus, said. “Ascend has a demonstrated track record of success, growing at a rate significantly ahead of its peers.”

Abacus team member Greg Scanlon was also involved in the transaction. Legal counsel was provided to Abacus by Goulston & Storrs.