Private Capital Solutions

ABS Capital Completes Continuation Vehicle​

6154 ABS Capital NT

Private Capital Advisory Engagement Overview

Industries: Healthcare & Life Sciences, Technology
Area of Focus: HCIT

Harris Williams closed a multi-asset continuation fund for ABS Capital, a leading growth equity firm with over three decades of experience scaling software and tech-enabled B2B businesses.

The continuation fund enables ABS to extend their ownership of two of their portfolio companies, LabConnect, Inc. and Viventium Software, in the healthcare and SaaS-based human capital management spaces.

LabConnect and Viventium have both excelled under ABS’s ownership, and this transaction will allow ABS to continue to execute growth strategies for the businesses. ABS is widely recognized for their ability to generate value for their LPs, and we are excited about the positive reception we received among secondary investors. We are proud to have achieved strong outcomes for all parties.

LabConnect is a leading provider of global central laboratory services including routine and esoteric laboratory testing, kit building, sample management and tracking, biostorage, and scientific support services for pharmaceutical and biotechnology companies and clinical research organizations (CRO). Viventium is a leading cloud-based payroll and human capital management solution for the health services markets, primarily serving home care agencies and skilled nursing facilities.

Kline Hill Partners and Five Arrows led the transaction, with additional capital provided by a consortium of new and existing ABS investors. The transaction will provide additional time and capital for growth opportunities and initiatives for both companies, while offering liquidity to existing limited partners.

Contact the Harris Williams Private Capital Solutions team members to learn more about this transaction.

Harris Williams is a global investment bank specializing in M&A and private capital advisory services. Clients worldwide rely on us to help unlock value in their business and turn ambitious goals into reality. We approach every engagement with boundless collaboration, pooling expertise and relationships across industries and geographies. For over 30 years, our clients have trusted us to think strategically, execute precisely, and deliver superior outcomes to help them grow.


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