ABACUS FINANCE PROVIDES SENIOR DEBT FINANCING TO SUPPORT THE LEVERAGED BUYOUT OF BCC SOFTWARE, LLC BY THOMPSON STREET CAPITAL PARTNERS


New York, NY, November 6, 2017 - Abacus Finance Group, LLC (Abacus), a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced today that it served as Administrative Agent and Lead Arranger for senior secured credit facilities to support the leveraged buyout of BCC Software LLC, (BCC) by Thompson Street Capital Partners (Thompson Street). Abacus also made an equity co-investment in BCC.

Founded in 1978 and headquartered in Rochester, NY, BCC is an industry-leading provider of data licensing solutions which enhance direct mail processing by improving the quality of mailing addresses and allowing customers to receive discounts offered by the USPS. Thompson Street is a St. Louis-based private equity firm focused on investing in founder-led, middle market businesses.

“Abacus is a terrific partner of ours, provides great service, and understands our needs and “rhythm” and can always be relied upon to come through efficiently when we need a quick close,” said Elizabeth R. Borow, Managing Director of Thompson Street. “Speed and certainty of close became of paramount importance, and Abacus, as usual, got the job done,” added Thompson Street Vice President Stefan Sigurdson.

“Our longstanding partnership with Thompson Street goes back to closing our first transaction with Liz Borow in 2013, and since then the relationship, as it deepened, has been extremely productive as they brought us one quality company after another,” said Tim Clifford, President and CEO of Abacus. “They appreciate the speed and efficiency of our due diligence process, value our knowledge of specific industry sectors, and, as Stefan said, look to us for a quick decision with respect to closure – all elements of the level of service provided in our Total Partnership Approach.

Abacus team members involved in the transaction included Sean McKeever & Rafal Rydewski. Legal counsel was provided to Abacus by Goulston & Storrs, PC.

About BCC Software, LLC

Founded in 1978 and headquartered in Rochester, NY, BCC is an industry-leading provider of data licensing solutions which enhance direct mail processing by improving the quality of mailing addresses and allowing customers to receive discounts offered by the USPS. The company’s solutions consistently outperform those competitors on address quality which improves delivery rates and ultimately lowers on marketing spend for the customers. A BCC offering pays for itself during the first three to six months of usage. Visit bccsoftware.com for more information. 

About Thompson Street Capital Partners

Thompson Street Capital Partners is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses. It has acquired more than 100 companies in the healthcare and life science services, software and technology services, and business services and engineered products sectors and have managed more than $1.5 billion in equity across four funds since being founded in 2000. Visit tscp.com for more information.

About Abacus Finance Group, LLC

Abacus Finance is a direct lending company, focused on providing cash flow senior financing to private equity-sponsored, lower-middle market companies nationwide.  Since inception in June 2011, it has closed over $1.7 billion in financings.  Abacus targets debt financing opportunities of up to $60 million with a typical hold size ranging from $10 million to $30 million, and finances companies with EBITDA between $3 million and $15 million. Abacus is an affiliate of New York Private Bank & Trust which was founded in 1850. 

Abacus Finance recently moved into its new headquarters at 335 Madison Ave., 23rd Floor, New York, NY 10017. All inquiries and new investment opportunities should be directed to Tim Clifford at 212-850-4620 or to cliffordt@abacusfinance.com. Visit abacusfinance.com for more information.

The Total Partnership Approach, which is a registered trademark of Abacus Finance, LLC, brings cash-flow financing expertise, deep industry knowledge and exceptional client service over the lifecycle of each investment.