Abacus Finance Group has provided credit facilities to back Westhook Capital’s refinancing of Rainshadow Labs. No financial terms were disclosed. Headquartered in St. Helens, Oregon, RainShadow Labs is a provider of private label manufacturing services to natural and organic personal care brands.
PRESS RELEASE
New York, NY, December 13, 2021 – Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the refinancing of Rainshadow Labs by Westhook Capital Partners.
Founded in 1983 and headquartered in St. Helens, Oregon, RainShadow Labs is a full-service provider of private label manufacturing services to natural and organic personal care brands. Westhook Capital is a private equity firm based in Los Angeles that invests in and builds valuable businesses primarily in the consumer, industrial, business services, and healthcare services sectors.
“I am glad that we were able to close our first deal with Abacus,” said Wes Knuth, Partner at Westhook Capital. “We found them easy to work with, and the transaction was handled smoothly and efficiently.”
“In our first transaction with Westhook we were pleased to support a highly attractive niche company with an impressive track record and tremendous potential for future growth,” said Tim Clifford, President and CEO of Abacus. Abacus Vice President Rafal Rydzewsk added, “We enjoyed working with Wes and his team. We value their knowledge of the space and their transparency.”
Abacus team members involved in the transaction included Rafal Rydzewski, Austin Rendell and Greg Scanlon. Legal counsel was provided to Abacus by Goulston & Storrs, PC.
About Rainshadow Labs
Founded in 1983 and headquartered in St. Helens, Oregon, RainShadow Labs is a full-service provider of private label manufacturing services to natural and organic personal care brands. RainShadow offers timely and affordable product development and product design; technical support including packaging and label procurement; warehousing for excess product packaging, contract filling, multi-product packaging, shipping, and logistics support. For more information, please visit rainshadowlabs.com.
About Westhook Capital
Westhook Capital is a private equity firm based in Los Angeles that invests in and builds valuable businesses primarily in the consumer, industrial, business services, and healthcare services sectors. Founded by professionals with over 50 years of combined experience growing companies as investors, company executives, and advisors through multiple economic cycles, Westhook is targeting 5-6 platform investments for its inaugural fund, Westhook Capital Partners, L.P, with $140 million in commitments. Westhook brings a partnership-driven approach and delivers operational expertise, resources, and investment experience to help companies drive performance and accelerate growth. For more information, please visit westhook.com.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.