ABACUS FINANCE PROVIDES $29.5 MILLION IN SENIOR CREDIT FACILITIES FOR BUNKER HILL CAPITAL’S REFINANCING OF RIZING, LLC


December 22, 2014 - Abacus Finance Group, LLC, a New York-based direct lending company that provides cash-flow financing for private equity-sponsored, lower-middle market companies, announced today that it served as Joint Lead Arranger with Webster Bank for $29.5 million in senior secured credit facilities to support the refinancing of Rizing, LLC (Rizing) by Bunker Hill Capital (Bunker Hill).

Rizing, headquartered in Stamford, CT, is a leading provider of SAP information technology consulting solutions. Bunker Hill Capital is a Boston-based private equity firm that makes investments in lower-middle market companies in the industrial products, business services, consumer products and specialty retail sectors.

“Abacus Finance’s quick study of the company and its knowledge of the information technology sector enabled us to execute rapidly and meet a tight deadline,” said Rufus Clark, Managing Partner and Co-Founder of Bunker Hill. “Our past experience and excellent working relationship with the Abacus team made everything go smoothly, reasons why they have become a go-to lender for us.”

“In a relatively short period, Bunker Hill has built a best-in-class technology services platform,” said Tim Clifford, President and CEO of Abacus, “and we are impressed by both the company's growing revenue base and the quality of its management team. As in other transactions, success was a function of our speed, flexibility and ability to provide certainty of close – important aspects of what we call our Total Partnership Approach.”

Abacus team members involved in the transaction included Sean McKeever, Aized Rabbani and Brian Green, and legal counsel was provided to Abacus by Goulston & Storrs, LLP.

About Rizing, LLC

Rizing, through its subsidiaries Vesta Partners and /N SPRO, is a leading provider of SAP functional and technical services, primarily offering SAP implementation and consulting solutions to large enterprise organizations in North America, Europe and Australia. With over 300 employees and 13 offices worldwide, Rizing provides deep domain expertise in SAP Enterprise Asset Management, SAP Human Capital Management and Success Factors, SAP Retail solutions, SAP HANA Cloud Platform and Mobility. The company provides a range of complementary software solutions to optimize its clients’ SAP implementations, drawing on its proprietary internal codebase as well as select third-party software tools. Visit rizing.com for more information.

About Bunker Hill Capital

Bunker Hill Capital is a Boston-based private equity firm that makes investments in lower-middle market companies with enterprise values up to $120 million. The principals of Bunker Hill Capital have invested over $490 million in 32 transactions and target opportunities across four industry sectors including industrial products, business services, consumer products and specialty retail. Visit bunkerhillcapital.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. Formed in June 2011, Abacus targets debt financing opportunities of up to $50 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, the holding company for Emigrant Bank, which was founded in 1850. 

Abacus Finance is headquartered at 6 East 43rd Street, 20th 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, industry knowledge and exceptional client service over the lifecycle of each investment.