ABACUS FINANCE PROVIDES SENIOR DEBT FINANCING TO SUPPORT THE RECAPITALIZATION AND GROWTH OF INVISORS, LLC, A WESTVIEW CAPITAL PARTNERS PORTFOLIO COMPANY
New York, NY, September 20, 2021 - Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the recapitalization and growth of Invisors, LLC, a WestView Capital Partners portfolio company. Abacus also made an equity co-investment in Invisors.
As a certified Workday Services Partner, Atlanta-based Invisors helps customers utilize their organizational data to make better-informed business decisions through the deployment and optimization of Workday. Invisors’ track record of successful results has been recently recognized by Fortune’s Great Place to Work, Inc. magazine’s Best Workplaces, Fortune’s Best Medium Workplaces, and Inc.’s 5,000 Fastest-Growing Private Companies. WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages approximately $1.7 billion in capital across four funds.
We selected the Abacus team, whom we have known for many years, for two reasons,” said Rick Williams, Managing Partner of WestView. "One, they are easy to work with, and two, they are extremely reliable. Once again, the entire process was handled smoothly and efficiently. Abacus is an important and valued relationship for us at WestView. It’s great to have seen both of our firms grow together.”
“Invisors and its founding partners have an impressive track record as a service partner within the Workday ecosystem,” said Tim Clifford, President and CEO of Abacus Finance. “We were extremely impressed with the senior management team and are excited to be their financing partner as they embark on the next stage of growth. As in other transactions, our success was a function of our speed, cash-flow flexibility, and certainty of close – key aspects of what we call our Total Partnership Approach™.”
“Invisors has a demonstrated track record of success, growing at rates significantly ahead of its peers,” added Abacus Managing Director and COO Sean McKeever.
Abacus team members involved in the transaction included Sean McKeever and Joseph Lee. Legal counsel was provided to Abacus by Goulston & Storrs, PC.
About Invisors, LLC
As a certified Workday Services Partner, Atlanta-based Invisors helps customers utilize their organizational data to make better-informed business decisions through the deployment of Workday. We believe the most important measure of our team's success is our client's ability to achieve their big-picture vision. From initial deployments to ongoing projects, we are focused on elevating perspectives + transforming results. Learn more by visiting invisors.com.
About WestView Capital Partners
WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages approximately $1.7 billion in capital across four funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth, and consolidation transactions in industries such as healthcare technology and outsourcing, business services, software and IT services, consumer, and growth industrial. WestView invests in companies with operating profits between $3 million and $20 million with investment sizes ranging from $10 million to $60 million. Please visit wvcapital.com for more information.
About Abacus Finance Group, LLC
Celebrating its tenth anniversary in 2021, Abacus Finance is a leading direct lending company, focused on providing cash flow senior financing to private equity/family office-sponsored, lower-middle market companies across diverse industries. Since Abacus’s inception in 2011, it has closed over $2 billion in financings. The firm targets private debt financing opportunities of up to $50 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 cliffordt@abacusfinance.com. Please visit abacusfinance.com for more information.
The Total Partnership Approach™, a registered trademark of Abacus Finance, LLC, brings together cash-flow financing expertise, deep industry knowledge and exceptional client service over the lifecycle of each investment – all providing our sponsors with certainty of close and giving them peace of mind. Our team’s deep industry knowledge combined with an obsession for efficiency results in a turnaround time of under 72 hours. This swift response time is just one aspect of our Total Partnership Approach™ – a comprehensive methodology that reflects our emphasis on growing relationships rather than just focusing on the number of transactions.
Why should you Count on Us™? The answer lies in the deep partnerships we forge by going well above and beyond what sponsors traditionally have come to expect. We don’t believe in the phrase “good enough.” We push ourselves to create custom financing solutions tailored for each company – deals are started from the ground up, and we work side-by-side with the private equity sponsors we serve during each stage of the transaction life cycle.