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Abacus Finance Provides $26.3MM in Debt Financing to Support Mountaingate Capitalâs LBO of BioDerm
January 19, 2021, 08:00 AM
In the first in transaction of its ten-year anniversary, Abacus Finance Group announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for $26.3 million in senior secured credit facilities to support the leveraged buyout of BioDerm, Inc. by Mountaingate Capital. Abacus â a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA â also made an equity co-investment in BioDerm.