Abacus Finance Group acted as lead arranger and administrative agent on $14 million in senior secured facilities to support Fulham & Co’s acquisition of Delphon Industries. Abacus also made an equity co-investment in the deal.
Fulham completed the transaction alongside Farol Asset Management and Brooke Private Equity Associates.
Delphon manufactures specialty packing for semiconductor and medical components. Fulham specialises in providing financing to product manufacturers operating within niche markets.
“Knowing of Abacus’ strong reputation for closing transactions quickly and smoothly, we fully expected that this transaction would go well, which it did given their deep knowledge of the company and industry,” said John Fulham, Managing Partner of Fulham, in a statement.
Abacus is a lower mid-market lending firm that provides senior debt financing to sponsor-backed companies. In January, the firm announced that it had surpassed $350 million in new loan commitments since its launch in 2011.
“Three factors have contributed to our steady growth and reputation as a reliable partner – our exclusive focus on the lower-middle market, a singular expertise in tailoring cash-flow senior debt solutions, and a passionate commitment to client service,” said Abacus chief executive Tim Clifford in a statement. “Above all, we are proud of having built a brand and a reputation among private equity sponsors for delivering on what we promise.”