Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the strategic growth recapitalization of Rokolabs by WestView Capital Partners. Additionally, Abacus Finance Group made an equity co-investment in Rokolabs.

Rokolabs is a rapidly growing N.Y.-based software development company founded in 2012 by a team of serial entrepreneurs. WestView Capital Partners, a Boston-based growth equity firm, is focused on middle market growth companies and manages $2.7 billion in capital across five funds.

“Abacus was able to give us the certainty we needed to close Rokolabs in a short timeframe,” said WestView Partner Greg Thomas. “And they were able to provide us with a financing package that will help the company grow in the years ahead.”

“Rokolabs is the fifth platform investment that we have closed with WestView this calendar year and the 19th since the inception of Abacus in 2011, a true testament to the strong partnership between our two firms,” said Tim Clifford, President and CEO of Abacus. “As in past transactions, we were able to provide speed and flexibility – key aspects of our Total Partnership Approach™.”

“We were very excited to support both WestView and the founders of the business. Rokolabs is in a strong position to continue its growth strategy while benefiting from strong industry tailwinds,” commented Abacus Finance Managing Director and COO Sean McKeever. “We appreciated the extensive due diligence that WestView provided which helped us quickly get up to speed on the opportunity and provide a seamless financing solution,” added Abacus Senior Associate Austin Rendell. “Rokolabs is an exciting business that has tremendous growth potential.”

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