Abacus Finance Group, LLC, a provider of cash flow-based, classic senior debt financing for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, announced that it served as Administrative Agent and Sole Lender for senior secured credit facilities to support the leveraged buyout of 3Play Media Inc. by Riverside Partners.

3Play Media provides closed captioning, transcription, and audio description to more than 2,500 customers including in higher education, enterprise, entertainment, and government. Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund VI. The fund focuses on growth-oriented companies primarily in the technology and healthcare industries.

“As we have come to expect from the Abacus team, the transaction was handled smoothly and rapidly from the outset,” said Michelle Noon, a General Partner at Riverside Partners. “We were impressed by the Abacus team’s industry knowledge, speed of execution and high conviction to close the transaction, all important criteria to our lender selection.”

“As Michelle noted, this was our second transaction with Riverside,” said Tim Clifford, President and CEO of Abacus, “and as before, they brought us a company of exceptional quality. We were well prepared for due diligence since we know the software and media technology space well, especially the closed captioning and transcription sector. Therefore, we were able to move quickly – an important aspect of Making Life Easier™ through our Total Partnership Approach™.” 

Abacus team members involved in the transaction included Sean McKeever, Jonathan Choa, Joseph Lee, and Jacob Wise. Legal counsel was provided to Abacus by Goulston & Storrs, PC.