Ableco Finance LLC is a specialty finance company, formed by the management of Cerberus Capital Management, L.P., that invests in leveraged buyouts and leveraged "roll-ups", bridge loans, recapitalizations, refinancing, debt restructurings, acquisitions and Chapter 11 reorganizations, including debtor-in-possession and exit financing.

Transaction Size: $15 Million to $1 Billion
Funds and Accounts under Management: Ableco Finance LLC and Affiliates - Over $6 Billion

Recent Transactions

Food Service Vendor

Headquartered in Spartanburg, South Carolina, the Company is a leading provider of food and beverage concessions, catering, and merchandise and facilities management services in sports facilities, convention centers and other entertainment facilities throughout the United States and into Canada. The Company has a large, diversified client base, serving 133 facilities, with an average client relationship length of over 15 years. The Company's Net Sales and EBITDA for fiscal year ended December 30, 2008 were $824.7 million and $54.7 million, respectively. In January 2009 the Company was acquired by a middle market sponsor for $125 million plus $148 million of debt. Ableco participated in this financing with $12.9 million committed to a revolving credit facility, and $7.9 million funded term loan B.

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