TSL Express Daily News

New York, NY, December 13, 2021 – Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the refinancing of Rainshadow Labs by Westhook Capital Partners. 
Founded in 1983 and headquartered in St. Helens, Oregon, RainShadow Labs is a full-service provider of private label manufacturing services to natural and organic personal care brands. Westhook Capital is a private equity firm based in Los Angeles that invests in and builds valuable businesses primarily in the consumer, industrial, business services, and healthcare services sectors. 

“I am glad that we were able to close our first deal with Abacus,” said Wes Knuth, Partner at Westhook Capital. “We found them easy to work with, and the transaction was handled smoothly and efficiently.”

“In our first transaction with Westhook we were pleased to support a highly attractive niche company with an impressive track record and tremendous potential for future growth," said Tim Clifford, President and CEO of Abacus. Abacus Vice President Rafal Rydzewsk added, “We enjoyed working with Wes and his team. We value their knowledge of the space and their transparency.” 

Abacus team members involved in the transaction included Rafal Rydzewski, Austin Rendell and Greg Scanlon. Legal counsel was provided to Abacus by Goulston & Storrs, PC.

About Rainshadow Labs
Founded in 1983 and headquartered in St. Helens, Oregon, RainShadow Labs is a full-service provider of private label manufacturing services to natural and organic personal care brands. RainShadow offers timely and affordable product development and product design; technical support including packaging and label procurement; warehousing for excess product packaging, contract filling, multi-product packaging, shipping, and logistics support. For more information, please visit rainshadowlabs.com.

About Westhook Capital
Westhook Capital is a private equity firm based in Los Angeles that invests in and builds valuable businesses primarily in the consumer, industrial, business services, and healthcare services sectors. Founded by professionals with over 50 years of combined experience growing companies as investors, company executives, and advisors through multiple economic cycles, Westhook is targeting 5-6 platform investments for its inaugural fund, Westhook Capital Partners, L.P, with $140 million in commitments. Westhook brings a partnership-driven approach and delivers operational expertise, resources, and investment experience to help companies drive performance and accelerate growth. For more information, please visit  westhook.com.

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.