ABACUS FINANCE PROVIDES SENIOR DEBT FINANCING TO SUPPORT THE LEVERAGED BUYOUT OF MARSHALL & STEVENS BY PINE TREE EQUITY PARTNERS
New York, NY, February 2, 2023 - Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the leveraged buyout of Marshall & Stevens by Pine Tree Equity Partners.
Founded in 1932, Marshall & Stevens is a leading provider of independent valuation and advisory services to middle market companies. Pine Tree Equity, based in Miami, FL, is a private equity firm focused on the investment in and expansion of small capitalization companies.
“We were impressed by the Abacus team’s speed of execution and ease of documentation. They were responsive, flexible, easy to work with, and able to provide certainty of closure early,” said Roberto J. Canto, Pine Tree Equity Managing Director.
“This was our first transaction with Pine Tree, and they were both very efficient to work with and relationship-oriented,” said Tim Clifford, President and CEO of Abacus. “All in all, I believe they feel they can Count on Us™ given the importance they attach to speed and the certainty of close – two key aspects of our Total Partnership Approach™.” “The Pine Tree team was very thoughtful in its underwriting approach, making it a real pleasure to work with them,” added Eric Petersen, Abacus Managing Director.
Abacus team members involved in the transaction included Eric Petersen and Austin Rendell. Legal counsel was provided to Abacus by Goulston & Storrs, PC.
About Marshall & Stevens
Founded in 1932, Marshall & Stevens is a leading provider of independent valuation and advisory services to middle market companies, providing multi-disciplinary solutions for independent assessments of corporations, debt and equity instruments, infrastructure, intangible assets, machinery, and real estate. The Company has developed a gold-standard reputation as a trusted valuation and financial advisory firm for businesses globally and has facilitated over $100 billion in transactions ranging from the U.S. valuation of Native-American land rights to NYC’s refinancing in 1974 and the breakup of AT&T in 1979. For more information, please visit marshall-stevens.com.
About Pine Tree Equity
Pine Tree Equity, based in Miami, FL, is a private equity firm focused on the investment in and expansion of small capitalization companies – with revenue of $10 million to $50 million – in partnership with management. For more information, please visit pinetreeequity.com.
About Abacus Finance Group, LLC
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 $3 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.