Abacus Finance Group, served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support Achieve Partners in its leveraged buyout of Ascend Partners. Additionally, Abacus Finance Group made an equity co-investment in Ascend Partners.

Ascend Partners is a leading provider of bespoke EPM solutions and the most trusted OneStream Diamond Partner. Achieve Partners, a private equity firm, is engineering the future of learning and earning by investing in cutting-edge technologies and best-in-class technology, business, and healthcare services.

“I am glad that we were able to close our first deal with Abacus,” said Achieve Partners Managing Director Aanand Radia. “They quickly understood the business and were extremely constructive. We found them easy to work with, and the transaction was handled smoothly and efficiently.”

“We were pleased to have had the opportunity to complete our first transaction with the Achieve Partners team,” said Tim Clifford, President and CEO of Abacus. “Our ability to meet Achieve’s desire for a smooth execution in a short timeframe is just one of the many attributes of our Total Partnership Approach™.”

“Achieve was great to work with in this transaction, and we are excited to partner with them on a standout company,” added Abacus Vice President Austin Rendell. “Ascend has a demonstrated track record of success, growing at a rate significantly ahead of its peers.”

Abacus team member Greg Scanlon was also involved in the transaction. Legal counsel was provided to Abacus by Goulston & Storrs, PC.