GE Antares Agents N&B’s Home Décor Companies Buy
GE Antares announced it served as administrative agent on a $315 million senior secured credit facility to support the acquisition of The Home Décor Companies by Nielsen & Bainbridge, a portfolio company of Kohlberg & Company and GE Antares borrower. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
“GE Antares is a longstanding trusted business partner to Kohlberg,” said Seth Hollander, partner at Kohlberg. “Their responsiveness and their syndication expertise made them an ideal financing choice for creating NBGHome.”
“We’re pleased to provide debt financing to NBG Home and Kohlberg in support of the acquisition of The Home Décor Companies,” said Chet Zara, senior managing director of GE Antares. “We look forward to continuing to support Kohlberg and management as they pursue the exciting growth opportunities at NBGHome.”
Southaven, MS-headquartered The Home Décor Companies products are marketed under various labels, including Jimco, J. Hunt Home, Patton Picture and Thro.
Austin, TX-headquartered Nielsen Bainbridge is an international company owned by Kohlberg & Company, a New York-based private equity firm, and is one of the world’s leading producers and distributors of high quality picture framing products, marketed under brands such as Pinnacle, Burnes, Nielsen and Bainbridge.
Kohlberg & Company is a leading U.S. private equity firm headquartered in Mt. Kisco, New York.
Southaven, MS-headquartered The Home Décor Companies is a provider of home décor products, services and solutions to North American retailers such as HomeGoods, Lowe’s, Wal-Mart and Target.