Abacus Finance Group served as senior secured credit facilities administrative agent and lead arranger in a senior debt financing to support River Associates’ leveraged buyout of Horsepower Automotive Group. Abacus Finance Group also made an equity co-investment in Horsepower Automotive Group.
Horsepower Automotive Group is a designer and engineer, manufacturer, and distributor of premium, branded automotive aftermarket products built by enthusiasts for enthusiasts. River Associates is a private equity firm based in Chattanooga, TN, which has focused exclusively on investing in the lower middle market for over 35 years.
“Once again all the key elements were in place when working with Abacus – speed, certainty, and…