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Abacus Finance Provides Senior Debt Financing to Support the Refinancing of Rainshadow Labs

Date: Dec 13, 2021 @ 07:24 AM
Filed Under: Manufacturing

Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the refinancing of Rainshadow Labs by Westhook Capital Partners.
 
Founded in 1983 and headquartered in St. Helens, Oregon, RainShadow Labs is a full-service provider of private label manufacturing services to natural and organic personal care brands. Westhook Capital is a private equity firm based in Los Angeles that invests in and builds valuable businesses primarily in the consumer, industrial, business services, and healthcare services sectors.

“I am glad that we were able to close our first deal with Abacus,” said Wes Knuth, Partner at Westhook Capital. “We found them easy to work with, and the transaction was handled smoothly and efficiently.”

“In our first transaction with Westhook we were pleased to support a highly attractive niche company with an impressive track record and tremendous potential for future growth," said Tim Clifford, President and CEO of Abacus. Abacus Vice President Rafal Rydzewsk added, “We enjoyed working with Wes and his team. We value their knowledge of the space and their transparency.”

Abacus team members involved in the transaction included Rafal Rydzewski, Austin Rendell and Greg Scanlon. Legal counsel was provided to Abacus by Goulston & Storrs, PC.



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