GE Antares Finances Graham’s Tidel Buy
GE Antares is serving as administrative agent on a $60 million senior secured credit facility to support the acquisition of Tidel Engineering, L.P. by an affiliate of Graham Partners. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
“GE Antares comes to the table with flexible, workable financing structures plus a high certainty of execution,” said Rob Newbold, managing principal at Graham Partners. “We enjoy a great relationship with GE Antares and look forward to working together again in the future.”
“Graham’s operational heritage and industrial expertise combined with Tidel’s accomplished management team will pave the way for new growth in the U.S. and abroad,” said Brian Polomsky, managing director of GE Antares. “We are excited to support this acquisition and look forward to supporting management and Graham as they pioneer innovative solutions.”
Headquartered outside of Dallas, TX, Tidel is a provider of cash management solutions that empower retail institutions across the globe to better manage their daily cash operations, reduce risk, and increase profits.
Headquartered outside of Philadelphia, PA, Graham Partners is a private investment firm focused on investing in businesses with proprietary technologies, advanced manufacturing expertise, innovative product development capabilities, and strong growth potential.