TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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April 14, 2025
Source: Abacus Finance Group, LLC
New York, NY, April 14, 2025 – Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lender to support the investment in Daedalus Industrial by LongueVue Capital. In addition, Abacus Finance Group made an equity co-investment in Daedalus Industrial.
Daedalus Industrial is a leading designer, manufacturer, and installer of electrical control panels, building management systems, and industrial automation equipment for the data center, semiconductor, automotive, and general industrial markets. LongueVue Capital is a New Orleans-based equity investment firm focused on providing transformational growth capital to middle-market companies.
"Daedalus represents our eleventh successful collaboration with Abacus," noted LVC's Partner Max Vorhoff. "Their consistent performance as lending partners, coupled with their strong knowledge of the data center industry, continues to deliver exceptional value. Once again, they executed seamlessly – a hallmark of their approach."
“We were more than happy to support another innovative, high caliber transaction brought to us by the LongueVue team,” said Tim Clifford, CEO of Abacus Finance. “As in past transactions with them, our success was a function of our speed, structural flexibility, and certainty of close – key aspects of what we call our Total Partnership Approach™.” “LongueVue is always a strong partner and great to work with,” added Abacus Managing Director Eric Petersen.
Abacus Senior Associate Greg Scanlon also helped lead the transaction.
About Daedalus Industrial
Daedalus Industrial specializes in OEM and Custom Panel Manufacturing, Controls Engineering, Electrical Design, Mechanical Design, and Building Management System Solutions. For more information, please visit daedalusindustrial.com.
About LongueVue Capital
Founded in 2001, LongueVue Capital is a New Orleans-based equity investment firm focused on providing transformational growth capital to middle-market companies, drawing upon its successful 20+ year track record of partnering with entrepreneurs and management teams to drive value creation. With over $1 billion of committed capital spanning five funds coupled with 200+ years of combined operating and investing experience, LVC is an ideal partner for middle-market companies at inflection points seeking to maximize value for all stakeholders. For more information, please visit lvcpartners.com.
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About Abacus Finance Group, LLC
Abacus Finance Group, LLC (including its subsidiaries and affiliates, together “Abacus”) is a leading asset management firm specializing in private credit solutions to the lower middle market. Since Abacus’s inception in 2011, it has closed over $3.5 billion in financings. The firm targets private debt financing opportunities of up to $60 million and finances companies with EBITDA between $3 million and $15 million. The firm is headquartered in New York City and maintains a second office in Portsmouth, New Hampshire. Abacus is an affiliate of New York Private Bank & Trust, which was founded in 1850.
Abacus Finance is located at 6 East 43rd Street, 12th 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.
Total Partnership Approach™ (TPA), a registered trademark of Abacus Finance, LLC, brings together cash-flow financing expertise, deep industry knowledge, a turnaround time of under 72 hours, and exceptional client service over the lifecycle of each investment – all in all, a comprehensive methodology that reflects our emphasis on growing relationships rather than just focusing on the number of transactions. We encourage sponsors to Count on Us™ because of the deep partnerships we forge by going well above and beyond what they traditionally have come to expect. We don’t believe in the phrase “good enough” – we push ourselves to create custom financing solutions specifically tailored for each transaction.
