Park Place Technologies Gets Recapitalized
Abacus Finance Group was the administrative agent for the $35 million in financing
Private equity firm WestView Capital Partners has recapitalized Park Place Technologies, which provides outsourced data center maintenance services, with a $35 million facility.
New York-based Abacus Finance Group LLC acted as administrative agent for a $35 million credit facility for the deal. Webster Bank also participated in the financing.
Park Place, headquartered in Cleveland, is owned by WestView, a Boston-based firm that focuses on lower-middle market companies.
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