Abacus Finance Group, LLC (Abacus), a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced today that it served as Administrative Agent and Lead Arranger for senior secured credit facilities to support the refinancing of ECA Medical Instruments (ECA) by LongueVue Capital (LVC).

ECA, founded in 1979 and headquartered in Thousand Oaks, CA, is the industry leader in designing and manufacturing precision single-procedure torque-limiting instruments and single-use surgery ready procedural kits. Based in New Orleans, LVC is a private equity firm focused on making situation-driven, value-oriented investments in lower middle market companies with up to $150 million in annual revenue to support buy-outs, recapitalizations, acquisitions, and growth.

“Once again, Abacus proved to be a reliable and value-added partner,” said LVC Partner Ryan Nagim. “They were very flexible on structure, moved quickly, and we look forward to working with them in the future,” added LVC Co-Founding Partner Rick Rees. 
“We are excited to have closed another transaction with our partners at LVC,” said Tim Clifford, President and CEO of Abacus Finance. “We support LongueVue Capital’s vision for the Company, one of the reasons we were able to provide certainty of close early on,” commented Abacus Senior Vice President Eric Petersen. “As in other transactions, the critical success factors came down to our flexibility and a seamless due diligence process – both important aspects of what we call our Total Partnership Approach™.”

Abacus team members involved in the transaction included Eric Petersen and Rafal Rydzewski. Legal counsel was provided to Abacus by Goulston & Storrs, PC.