GE Antares Agents Cross-Border Facility for Luminator Tech Buy
GE Antares announced that it is serving as administrative agent on a $166 million multi-currency, cross-border credit facility to support the acquisition of Luminator Technology Group by Audax Group. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
“GE has led the financing for many of Audax’s platform investments. Their reliable execution, spirit of partnership and creative financing solutions make them a trusted partner to Audax and our portfolio companies,” said Geoff Rehnert, co-chief executive officer of Audax Group.
Plano, TX-based Luminator Technology Group is a global designer and manufacturer of engineered display, lighting and passenger communication systems.
“GE Capital was able to provide value to Audax in its ability to deliver commitment certainty, cross-border capabilities, and speed to close on a complex transaction,” said John Goodwin, managing director of GE Antares, “We look forward to supporting Luminator as the company continues to grow, both domestically and abroad.”
Audax Group, founded in 1999, is an investor in lower-middle market companies.