Abacus Finance Group served as administrative agent and lead arranger for $15 million in senior secured credit facilities to support the recapitalization of Specialty Appliances by Five Points Capital.
Abacus also made an equity co-investment in Specialty Appliances.
Founded in 1981 and based in Cumming, GA, Specialty Appliances is a manufacturer and designer of custom orthodontic appliances. Five Points Capital is a Winston-Salem, NC-based private equity manager focused exclusively on supporting the capital needs of private, growth-oriented companies in the U.S. lower-middle market.
“This was our first transaction with Abacus, and we were impressed how smoothly, efficiently, and on time the whole process went,” said Five Points Capital Partner Marshall White. “The Abacus team was responsive, flexible, easy to work with, and knew the company,” added Five Points Vice President Steele Windle.