Daily News: October 13, 2017

Antares Capital Supports Morgenthaler’s Recap of Bettcher Industries


Antares Capital will serve as administrative agent and lead left arranger on a senior secured credit facility to support the recapitalization of Bettcher Industries by Morgenthaler Private Equity.

Headquartered in Birmingham, OH, Bettcher Industries is a manufacturer of food processing and foodservice equipment and medical devices. The company has a worldwide customer base with additional offices supporting direct sales efforts in Europe, South America and Asia.

“We were pleased to bring in the Antares team to lead the financing for our investment in Bettcher Industries,” said Karen Tuleta, partner with Morgenthaler Private Equity. “They were flexible and moved quickly to provide the financing we needed for a simple and straightforward closing.”

“We appreciate working with MPE once again on their latest acquisition,” said Kevin Fitzgerald, senior vice president with Antares. “The MPE team has invested in a company with a long, successful history and strong market position. We’re excited to see the evolution of Bettcher under the guidance and support of its new owners.”