ABACUS FINANCE CLOSES SENIOR FINANCING TO SUPPORT WESTVIEW CAPITAL PARTNERS’ INVESTMENT IN THE MINTZ GROUP
January 29, 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 an investment in the Mintz Group, LLC (The Mintz Group) by WestView Capital Partners, LP (WestView).
The Mintz Group, based in New York, NY, provides of due diligence and litigation investigation services for law firms, executive search firms, corporations, banks and other financial institutions. Boston-based WestView, a private equity firm focused exclusively on lower-middle market companies, manages approximately $1 billion in capital.
“We’ve known Abacus for a long time, and know that we can always depend on them for a smooth and successful transaction,” said Rick Williams, WestView Managing Partner. "As usual, they did not disappoint.”
“WestView understands the technology-enabled business services sector well and has an amazing track record," said Tim Clifford, President and CEO of Abacus Finance. “Rick Williams and his partners always come to us with growing and profitable businesses like the Mintz Group. They count on us for knowledge of the sector and our ability to move quickly – important aspects of what we call our Total Partnership Approach™.”
Abacus team members involved in the transaction included Sean McKeever and Eric Petersen. Legal counsel was provided to Abacus by Goulston & Storrs, LLP.
About the Mintz Group, LLC
The Mintz, Group, LLC, founded in 1994 and based in New York, NY, is a provider of due diligence and litigation investigation services for law firms, executive search firms, corporations, banks and other financial institutions. The Mintz Group has conducted over 10,000 investigations in more than 100 countries leveraging 12 offices globally, 28 language fluencies and a team of 120 personnel. Visit mintzgroup.com for more information.
About WestView Capital Partners, LP
WestView Capital Partners, a Boston-based private equity firm focused exclusively on lower middle market growth companies, manages approximately $1 billion in capital across three funds. WestView partners with existing management teams to sponsor majority and minority recapitalizations, growth, and consolidation transactions in a wide range of industries including healthcare services, business and technology services, software, industrial/manufacturing, and consumer/retail. WestView invests in companies with operating profits between $3 million and $20 million with investment sizes ranging from $10 million to $50 million. Visit wvcapital.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 cliffordt@abacusfinance.com. 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.