TSL Express Daily News

New York, NY, November 6, 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 strategic growth recapitalization of Rokolabs by WestView Capital Partners. Additionally, Abacus Finance Group made an equity co-investment in Rokolabs.
 
Rokolabs is a rapidly growing N.Y.-based software development company founded in 2012 by a team of serial entrepreneurs. WestView Capital Partners, a Boston-based growth equity firm, is focused on middle market growth companies and manages $2.7 billion in capital across five funds.

“Abacus was able to give us the certainty we needed to close Rokolabs in a short timeframe,” said WestView Partner Greg Thomas. “And they were able to provide us with a financing package that will help the company grow in the years ahead.” 
“Rokolabs is the fifth platform investment that we have closed with WestView this calendar year and the 19th since the inception of Abacus in 2011, a true testament to the strong partnership between our two firms,” said Tim Clifford, President and CEO of Abacus. “As in past transactions, we were able to provide speed and flexibility – key aspects of our Total Partnership Approach™.” 

“We were very excited to support both WestView and the founders of the business. Rokolabs is in a strong position to continue its growth strategy while benefiting from strong industry tailwinds,” commented Abacus Finance Managing Director and COO Sean McKeever. “We appreciated the extensive due diligence that WestView provided which helped us quickly get up to speed on the opportunity and provide a seamless financing solution,” added Abacus Senior Associate Austin Rendell. “Rokolabs is an exciting business that has tremendous growth potential.”

Abacus team members involved in the transaction included Sean McKeever and Austin Rendell. Legal counsel was provided to Abacus by Goulston & Storrs, PC.

About Rokolabs 
Founded in 2012, Rokolabs provides digital engineering services to mid- and large-sized U.S. clients across industries, among them financial services, healthcare, and general SaaS firms. The Company’s capabilities span the digital engineering spectrum, from upfront product strategy and planning to core front-end, back-end, and mobile development to ongoing operational support. Rokolabs is a dynamic group of strategists and technologists united by a passion and tenacity to develop best-in-class applications for its clients. Its teams are comprised of consultants who understand how to translate complex business needs into products – they ask the tough questions to help refine and implement the right strategy to meet the business goals unique to each company. In summary, Rokolabs offers end-to-end digital product services, everything from product strategy and requirements analysis to hosting enterprise platforms and applications for clients with limited internal operational resources. For more information, please visit rokolabs.com.

About WestView Capital Partners
WestView Capital Partners, a Boston-based growth equity firm, is focused on middle market growth companies and manages $2.7 billion in capital across five funds. WestView partners with existing management teams to sponsor minority and majority recapitalization, growth capital, and consolidation transactions in several sectors, including: software, business services, IT services, healthcare technology and outsourcing, and growth industrial. WestView targets investing $20 to $100 million in companies with revenue of at least $10 million and operating profits between $3 and $25 million. For more information, please visit wvcapital.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 212-850-462 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.