We address the problem of computing the exact abstraction of a program with respect to a given set of predicates, a key computation step in Counter-Example Guided Abstraction Refinement. We build on a recently proposed approach that integrates BDD-based quantification techniques with SMT-based constraint solving to compute the abstraction. We extend the previous work in three main directions. First, we propose a much tighter integration of the BDD-based and SMT-based reasoning where the two solvers strongly collaborate to guide the search. Second, we propose a technique to reduce redundancy in the search by blocking already visited models. Third, we present an algorithm exploiting a conjunctively partitioned representation of the formula to quantify. This algorithm provides a general framework where all the presented optimizations integrate in a natural way. Moreover, it allows to overcome the limitations of the original approach that used a monolithic BDD representation of the formula to quantify. We experimentally evaluate the merits of the proposed optimizations, and show how they allow to significantly improve over previous approaches.