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Abacus Finance Provides Senior Debt Financing to Support Leveraged Buyout of Pinnacle Clinical Research by LongueVue Capital

November 28, 2022, 07:09 AM
Filed Under: Pharmaceuticals

Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities to support the leveraged buyout of Pinnacle Clinical Research, LLC by LongueVue Capital. Additionally, Abacus made an equity co-investment in Pinnacle Clinical Research.

Texas-based Pinnacle Clinical Research is a site network that conducts clinical hepatology and gastroenterology trials on behalf of pharmaceutical sponsors and contract research organizations. Founded in 2001, LongueVue Capital is a New Orleans-based private equity firm that focuses on providing human capital, financial capital, and a skill set built upon a successful 20+ year track record of partnering with entrepreneurs and management teams to drive value creation in middle market companies.

“Once again we saw the same dependable ease of execution accompanied by the white glove service that keeps bringing us back,” said LongueVue Partner Ryan Nagim.
“This is our sixth transaction, which speaks volumes about the terrific relationship we have built with LongueVue,” said Tim Clifford, President, and CEO of Abacus. Added Abacus Managing Director Eric Petersen, “LongueVue is always great to work with. Our approach syncs perfectly with their needs.”

Abacus team members involved in the transaction included Eric Petersen, Joseph Lee, and Greg Scanlon. Legal counsel was provided to Abacus by Goulston & Storrs, PC.

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