FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Abacus Finance Provides Senior Debt to Support Westview Capital Investment in Alpha II

January 06, 2017, 07:00 AM
Filed Under: Industry News

Abacus Finance Group, LLC, a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced that it served as Administrative Agent and Sole Lead Arranger for senior secured credit facilities to support the recapitalization and growth investment in Alpha II, LLC by WestView Capital Partners. Abacus also made an equity co-investment in Alpha II.
Tallahassee-based Alpha II’s is a provider of healthcare revenue cycle Software-as-a-Service solutions focused on claims editing, coding and billing accuracy, quality reporting and revenue analysis for healthcare professionals, clearinghouses and government entities. WestView Capital Partners, a private equity firm headquartered in Boston and focused exclusively on middle market companies, manages approximately $1 billion in capital.
"Once again, Abacus Finance proved to be a reliable partner that we can always count on,” said Matt Carroll, General Partner of WestView. “The Abacus team’s seamless execution, flexibility and industry knowledge are precisely the reasons why we have such a great working relationship with them. They never disappoint.”
“As always, we were very impressed with WestView’s industry knowledge and the quality of the company and management team that they brought to us,” said Tim Clifford, President and CEO of Abacus. “We are fortunate to have a wonderful working relationship with Matt Carroll, Jeff Clark, Kevin Twomey and the entire WestView ream, a longstanding client that has a tremendous track record as a sponsor and values our execution capabilities and flexibility – central elements of what we call our Total Partnership Approach™. We were delighted to be able to close our eighth transaction with them.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.