Abacus Finance Provides $50MM in Senior Debt Financing to Support Recapitalization of SV Labs - News | ABL Advisor
Summary
Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for $50 million in senior secured credit facilities to support the recapitalization of SV Labs, a portfolio company of San Francisco Equity Partners. SV Labs is a contract development and manufacturing organization (CDMO) specializing in beauty and personal care products. As David noted, this was our first investment with San Francisco Equity Partners, said Tim Clifford, President and CEO of Abacus. Their team valued our ability to move quickly an important aspect of our Total Partnership Approach.We are pleased to have closed this transaction with San Francisco Equity Partners, added Abacus Managing Director Seth Friedman. Their experience in the industry vertical coupled with their successes to date were what solidified our determination to support SFEP in this transaction.Abacus team members involved in the transaction included Seth Friedman and Austin Rendell.