ABACUS FINANCE CLOSES SENIOR FINANCING TO SUPPORT THE ACQUISITION OF IDENTITY FINDER BY INVERNESS GRAHAM
January 20, 2015 - Abacus Finance Group, LLC, 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 Sole Lead Arranger for senior secured credit facilities to support the acquisition of Identity Finder, LLC (Identity Finder) by Inverness Graham Investments, Inc. (Inverness Graham). Abacus also made an equity co-investment in Identity Finder.
Identity Finder, founded in 2006 and headquartered in New York City, is the leading firm in sensitive data management. Headquartered in Newtown Square, PA, Inverness Graham is an operationally-focused private investment firm with over $250 million of assets under management.
“This was our first transaction with the Abacus team,” said Aliya Khaydarova, Vice President of Inverness Graham, “and we were impressed with their understanding of the software space, the speed of their due diligence process and their ability to provide us with certainty of close at an early stage. We expect to work with Abacus on more transactions.”
“Inverness Graham has shown us a number of opportunities in the past, and we are pleased to close our first transaction with them," said Tim Clifford, President and CEO of Abacus Finance. “We are very impressed by the company and with the founders, who plan to continue with Identity Finder. This a good fit for us given our experience and affinity for the software sector. Our knowledge of the industry and our ability to move quickly – important aspects of what we call our Total Partnership Approach™ – were key factors in a smooth and timely close.”
Abacus team members involved in the transaction included Sean McKeever, Rafal Rydzewski and Joe Lee. Legal counsel was provided to Abacus by Goulston & Storrs, LLP.
About Identity Finder, LLC
Identity Finder is the leading provider of sensitive data management technologies, enabling companies to identify and minimize the risks associated with costly data breaches. Their data discovery and automatic classification solutions add significant value to data management and security programs employed by today’s enterprises. Their customers are empowered to protect their reputation, prevent data leakage, comply with regulations, and make informed decisions on security spend. They have helped thousands of businesses and millions of individuals prevent data loss and identity theft. Visit www.identityfinder.com for more information.
About Inverness Graham Investments
Headquartered in Newtown Square, PA, Inverness Graham is an operationally-focused private investment firm with over $250 million of assets under management. Inverness Graham acquires high growth, innovative manufacturing and services companies. Founded by senior executives of the Graham Group, a family owned multi‐national industrial concern, Inverness Graham brings deep resources developed over a 50-year operating history to support its portfolio companies. Inverness Graham partners with businesses to provide the financial and operational support necessary to accelerate growth while enabling owners to achieve their liquidity objectives. Visit www.invernessgraham.com for more information.
About Abacus Finance Group, LLC
Abacus Finance is a leading direct lending company, focused on providing cash flow senior financing to private equity-sponsored, lower-middle market companies across a wide array of industries. Since its inception in June 2011, it has closed over $2 billion in financings. Abacus targets debt financing opportunities of up to $75 million with a typical hold size ranging from $10 million to $40 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 is located at 335 Madison Avenue, 23rd Floor, New York, NY 10017. All inquiries and new investment opportunities should be directed to Tim Clifford at 212-850-4620 or to firstname.lastname@example.org. Please 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, and our way of Making Life Easier over the lifecycle of each investment for our private equity sponsors.