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Abacus Finance Provides $34.5MM in Senior Debt Financing to Support LBO of Media 1 Digital Imaging Solutions

February 06, 2023, 07:16 AM
Filed Under: Printing

Abacus Finance Group served as senior secured credit facilities Administrative Agent and Lead Arranger for $34.5 million in senior secured credit facilities to support the leveraged buyout of Media 1 Digital Imaging Solutions, LLC by American Pacific Group.

With a combined professional and technical experience of 40+ years, Media 1 Digital Imaging Solutions is a one-stop answer for all large format printing needs. American Pacific Group is a San Francisco Bay Area-based private equity firm with $1.2 billion of capital under management.
“The transaction process was handled smoothly, and the Abacus team executed the transaction rapidly,” said Fraser Preston, a Managing Partner at American Pacific Group. "The deal team dug deep into the company to learn the business and the industry and closed the transaction in just three weeks – a tremendous effort on their part,” he added.

“We are excited to have had the opportunity to close our first transaction with the team from American Pacific Group” said Tim Clifford, President and CEO of Abacus. “Securing this new relationship is a reflection of our ability to provide speed, cash-flow flexibility, and certainty of close – key aspects of what we call our Total Partnership Approach™.”

“American Pacific Group was great to work with in this transaction, and they brought us a standout company,” added Seth Friedman. “Media 1 Digital Imaging Solutions is a highly attractive, niche business offering a full suite of products and services.”

Abacus team members involved in the transaction included Seth Friedman and Greg Scanlon. Legal counsel was provided to Abacus by Goulston & Storrs, PC.

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