Investments
30Portfolio Exits
16About Abacus Finance Group
Abacus Finance, headquartered in New York, is a lower-middle market specialty finance company, focused on providing senior cash-flow financing to private equity-sponsored 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 $25 million, and the companies it finances generally have EBITDA between $3 million and $15 million. Abacus is sponsored by New York Private Bank & Trust, the holding company for Emigrant Bank, which was founded in 1850 and is the largest family-owned bank in America.
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Latest Abacus Finance Group News
Sep 12, 2023
Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support the add-on acquisition by Artemis for Maury Microwave of Wireless Telecom Group. Additionally, Abacus Finance Group made an equity... Read Story
Abacus Finance Group Investments
30 Investments
Abacus Finance Group has made 30 investments. Their latest investment was in Accelevation as part of their Line of Credit on May 5, 2023.
Abacus Finance Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
5/2/2023 | Line of Credit | Accelevation | Yes | 1 | ||
2/16/2023 | Recap | Advertiser Perceptions | Yes | 5 | ||
10/3/2022 | Line of Credit | Automated Handling Solutions | No | 2 | ||
10/2/2022 | Unattributed | |||||
1/15/2020 | Unattributed |
Date | 5/2/2023 | 2/16/2023 | 10/3/2022 | 10/2/2022 | 1/15/2020 |
|---|---|---|---|---|---|
Round | Line of Credit | Recap | Line of Credit | Unattributed | Unattributed |
Company | Accelevation | Advertiser Perceptions | Automated Handling Solutions | ||
Amount | |||||
New? | Yes | Yes | No | ||
Co-Investors | |||||
Sources | 1 | 5 | 2 |
Abacus Finance Group Portfolio Exits
16 Portfolio Exits
Abacus Finance Group has 16 portfolio exits. Their latest portfolio exit was Kova International on July 24, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
7/24/2023 | Acquired - II | 1 | |||
11/28/2022 | Acquired | 11 | |||
4/26/2022 | Acquired | 3 | |||
Date | 7/24/2023 | 11/28/2022 | 4/26/2022 | ||
|---|---|---|---|---|---|
Exit | Acquired - II | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 11 | 3 |
Abacus Finance Group Acquisitions
1 Acquisition
Abacus Finance Group acquired 1 company. Their latest acquisition was MGC Diagnostics on November 27, 2017.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
11/27/2017 | Debt | $3.5M | Take Private | 2 |
Date | 11/27/2017 |
|---|---|
Investment Stage | Debt |
Companies | |
Valuation | |
Total Funding | $3.5M |
Note | Take Private |
Sources | 2 |
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