Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the recapitalization of Next Net Media, LLC, a Clearview Capital portfolio company. Abacus also made an equity co-investment in Next Net Media.

Next Net Media, LLC is an online technology company based in St. Petersburg, Florida. Clearview Capital is a private investment firm specializing in control and non-control investments of North American companies with operating profits of $4 million - $20 million.

“This is a new relationship for us,” said Clearview Capital Principal Geoffrey Faux, “and we had a great experience with Abacus – they were flexible, responsive, and worked efficiently to close the transaction on time.”

“We are thrilled to close our first transaction with Clearview Capital,” said Tim Clifford, President and CEO of Abacus Finance. “We were impressed by the quality of their due diligence and are excited about adding Next Net Media to our portfolio as they move into their next stage of growth.”

“We worked as true partners with Clearview in this transaction,” added Aized Rabbani, Managing Director at Abacus, “which made our underwriting and documentation easy. We were able to move fast and close on time – important aspects of Making Life Easier™ through our Total Partnership Approach™.”

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

Founders Advisors acted as advisor for Next Net Media's recapitalization with Clearview Capital