In July, Antares Bain Capital Complete Financing Solution (ABCS), a joint venture between Antares Capital and Bain Capital Credit, closed four unitranche transactions totaling $794 million in credit facilities for both new and existing borrowers.

Select unitranche transactions included:

•  $139 million senior secured credit facility to support the The Riverside Company’s acquisition of Abracon, global manufacturer of passive and electromechanical timing, synchronization, power, connectivity and RF solutions.
•  $325 million senior secured credit facility for AmSpec, an Olympus Partners portfolio company and a provider of testing, inspection, and certification services for petroleum traders and refiners.
•  $140 million senior secured credit facility for HFC, a franchisor in the home services category and parent company to Budget Blinds, Tailored Living and Concrete Craft. The funds were used to recapitalize the business and provide a more flexible capital structure to support both organic growth and potential acquisitions.

“We appreciate the hard work and support from Antares and Bain Capital,” said Anne Hayes, partner, Capital Markets for The Riverside Company. “They quickly delivered on our expectations of a seamless and simple financing.”

Launched in December 2017, ABCS provides private equity sponsors and borrowers with access to first lien unitranche loans of up to $350 million in a single transaction.

Follow the story in ABF Journal:
New Directions: Bain Capital and Antares Capital Join Forces to Provide Unitranche Lending