Abacus Finance Group has provided credit facilities to back Artemis Capital Partners’ buyout of Maury Microwave. No financial terms were disclosed. Abacus also made an equity co-investment in Maury Microwave. Based in Ontario, California, CA, Maury Microwave is a RF calibration, measurement, and modeling solutions partner to manufacturers in the wireless technology chain across telecommunications, semiconductor, aerospace, defense, instrumentation, and research industries.
New York, NY, June 28, 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 acquisition of Maury Microwave by Artemis. Abacus made an equity co-investment in Maury Microwave.
Based in Ontario, CA, Maury Microwave is a leading RF calibration, measurement, and modeling solutions partner to many of the world’s leading manufacturers in the wireless technology chain across telecommunications, semiconductor, aerospace, defense, instrumentation, and research industries. Founded in 2010, Artemis is a Boston-based private equity firm focused on acquiring and growing manufacturers of differentiated industrial technologies.
“The Abacus approach in this transaction was flexible, the due diligence process went smoothly, and communications – including early assurance of closure – were clear from the beginning,” said James Ward, Artemis Managing Director.
“As in other transactions, our success was a function of our speed, flexibility, and certainty of close – key aspects of what we call our Total Partnership Approach™,” said Tim Clifford, President and CEO of Abacus. Abacus Director Eric Petersen added, “We’ve been working with these folks for over seven years, and it is great to finally align on a deal.”
Abacus team members involved in the transaction included Eric Petersen and Austin Rendell. Legal counsel was provided to Abacus by Goulston & Storrs, PC.
About Maury Microwave
Headquartered in Ontario, CA, Maury Microwave Corporation designs and manufactures state-of-the-art RF measurement and interconnect solutions that enable the world’s best wireless communication technologies and networks to get better, faster, and stronger. Please visit maurymw.com for more information.
About Artemis Capital Partners
Headquartered in Boston, MA, Artemis is a specialized private equity firm focused on acquiring and partnering with differentiated Industrial Tech companies, whose people and products enable and accelerate a healthier, safer, more connected, mobile, productive, and equitable world. Please visit artemislp.com for more information.
About Abacus Finance Group, LLC
Celebrating its tenth anniversary in 2021, Abacus Finance is a leading direct lending company, focused on providing cash flow senior financing to private equity/family office-sponsored, lower-middle market companies across diverse industries. Since Abacus’s inception in 2011, it has closed over $2 billion in financings. The firm targets private debt financing opportunities of up to $60 million and finances companies with EBITDA between $3 million and $15 million. Abacus is an affiliate of New York Private Bank & Trust, which was founded in 1850.