Antares Capital served as administrative agent, sole lead arranger and bookrunner on a senior secured credit facility to support the acquisition of SciQuest by Accel-KKR.

“The Antares team delivered with a combination of software industry expertise, flexibility and customer focus,” said Dean Jacobson, managing director with Accel-KKR.

Morrisville, NC-based SciQuest, is a leading provider of end-to-end spend management solutions serving a wide range of industries and organizations.

Accel-KKR is a technology-focused investment firm with $4 billion in capital commitments.