Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support the growth equity investment in Hoist Global Tech Solutions by WestView Capital Partners. In addition, Abacus Finance Group made an equity co-investment in HOIST.
HOIST is a leading provider of IFS-focused implementation, consulting, and support services. WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages $2.7 billion in capital across five funds.
“Once again, Abacus was able to give us the certainty we needed to close the transaction in a short timeframe,” said WestView Managing Partner Matt Carroll, “and they were able to provide us with a financing package that will help Hoist grow in the years ahead.”
“We have closed over 20 platforms with WestView since the inception of Abacus in 2011, a true testament to the strong partnership between our two firms,” said Tim Clifford, CEO of Abacus Finance. “As in our other transactions with them, our success was a function of our speed, structural flexibility, and certainty of close – key aspects of what we call our Total Partnership Approach™.” “WestView is without fail a strong partner and always great to work with,” added Abacus President and Founding Partner Sean McKeever.
Abacus Vice President Austin Rendell and Analyst Matt Campanella also helped lead the transaction. Legal counsel was provided to Abacus by Goulston & Storrs, PC.
abacusfinance.com