Daily News: November 11, 2014

GE Antares Agents Grakon Acquisition Financing

GE Antares, a unit of GE Capital, announced it is serving as administrative agent on a senior secured credit facility to support the acquisition of Grakon Holdings by Industrial Growth Partners. GE Capital Markets served as lead arranger and bookrunner on this facility.

“We are thrilled to partner with IGP on another successful acquisition,” said Mary Gaede, managing director, GE Antares. “IGP is a great fit for Grakon and its management team. Together they will enable Grakon to continue to expand the business, and we look forward to helping finance this growth.”

“IGP enjoys a highly valued financing and operational relationship with GE Antares. Their collaborative approach, expertise and speed-to-close made them an excellent financing partner,” said Jeff Webb, managing director at IGP.

Seattle, WA-based Grakon is a global designer and manufacturer of custom interior and exterior lighting, and complex engineered and assembled molded trim components for the heavy truck and specialty transportation markets.