ABS Capital Partners Off to Strong Start After Busy 2017
Firm Makes First Investment from ABS VIII on the Heels of Two Successful Exits
Baltimore and San Francisco – January 18, 2018 – Leading growth equity investor ABS Capital Partners today announced it had made the first investment from its latest investment vehicle, ABS Capital Partners VIII (ABS VIII), by backing Audacious Inquiry, LLC, a health information technology and policy company that delivers bold solutions for connected health care. The firm held a final close for ABS VIII in late July of 2017 with $275 million in commitments. In November, ABS Capital announced that its portfolio company FactorTrust, Inc. had been sold to TransUnion (NYSE:TRU) and in December, the firm announced that portfolio company Liquid Environmental Solutions, Inc. (LES) had been sold to Audax Private Equity.
“Whenever we have a rewarding exit, we believe it speaks to the quality of the growth companies we back and the strength of their solutions. FactorTrust and LES were no different,” said managing general partner Phil Clough. He added, “We were able to back extremely capable management teams and look forward to repeating these successes elsewhere in the portfolio.”
With the first investment of ABS VIII, ABS Capital continues a close to three-decade history of successfully investing in, and partnering with, founder-led companies with business model advantages, as they reach crucial points in their expansion. The firm looks for these opportunities in two sectors, business and tech-enabled services and health care, which have been refined over time. The firm has backed over 120 growth companies since 1990 and the strategy for ABS VIII will be a continuation of this investment approach. The latest fund will be managed by investing partners Phil Clough, John Stobo, Mike Avon, Paul Mariani, Ralph Terkowitz, and Cal Wheaton. Chairman and founding partner Don Hebb and founding partner Tim Weglicki will continue to assist with sourcing and advising portfolio company boards.
“We are attracted to the longer-term potential of later-stage growth companies with strong business models and we are very comfortable being the first institutional capital for many of them,” said John Stobo, managing general partner. “Founders appreciate our differentiated approach where we have healthy respect for what our companies have built and want to help them take their business to the next level by prioritizing longer-term growth and value creation over transactional relationships – and that has been the key to our success for over 27 years.”
ABS Capital has offices in Baltimore and San Francisco and has backed leading growth companies such as Alarm.com, Inc. (NASDAQ:ALRM), American Public Education, Inc. (NASDAQ:APEI), Rosetta Stone, Inc. (NYSE:RST), and SBA Communications Corporation (NASDAQ:SBAC).
About ABS Capital Partners
For over 27 years, ABS Capital has been investing in later-stage growth companies, helping CEOs capitalize on new opportunities and navigate unforeseen obstacles – while never losing sight of the ultimate goal of achieving lasting excellence. Our partners have decades of experience as C-level executives, investment bankers, and investors in the industries we invest in: business and tech-enabled services and health care. This combination of experience and expertise means we have a laser-focus on the specific needs growth companies face as they look to get to the next level. By helping to transform over 120 companies through their most important stage of development, ABS continues to help unleash the potential for lasting growth. ABS Capital Partners. Here, we grow. For more information, visit www.abscapital.com.