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Abacus Finance Supports Recap of Palisade Corporation by Thompson Street Capital Partners

December 12, 2018, 08:00 AM
Filed Under: Consulting Services

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 that it served as Administrative Agent and Sole Lender in support of Thompson Street Capital Partners’ recapitalization of Palisade Corporation.

Founded in 1984, Palisade serves more than 150,000 decision makers in more than ninety countries and ninety-three of the Fortune 100 companies. Thompson Street Capital Partners is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses.

“After multiple transactions with Abacus, we know them well, and once again they closed quickly – in large part because of their knowledge of the software sector,” said Thompson Street Vice President Stefan Sigurdson.

“Thompson Street is a top sponsor with deep expertise in software,” said Tim Clifford, President and CEO of Abacus. “It is a firm with which we have had one of our longest relationships, and one which values our flexibility and our ability to close quickly – key elements of what we call our Total Partnership Approach™.” 

Abacus team members involved in the transaction included Jonathan Choa and Brian Green. Legal counsel was provided to Abacus by Goulston & Storrs, PC.

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