Ares Management Provides $2.9B in Commitments in Q3/18

Ares Management’s Credit Group provided approximately $2.9 billion in commitments across 47 transactions that closed during the third quarter of 2018.

New Directions: Bain Capital and Antares Capital Join Forces to Provide Unitranche Lending

Both Bain Capital and Antares Capital have global reputations as investment firms. So there was more than a bit of frisson in the lending world when the two companies announced a joint venture in December. This unique unitranche platform combines the strengths of both companies and provides an unusual opportunity for partnership. Bain Managing Director Michael Ewald and Antares Senior Managing Director Timothy Lyne share their thoughts about the new platform with ABF Journal Editor Nadine Bonner.

Credit Suisse, Morgan Stanley Lead Financing to Support Bain Capital Buy

Reuters reported, citing bank sources, that in support of Bain Capital’s acquisition of NGA Human Resources, Credit Suisse and Morgan Stanley are leading debt financing

Barclays, UBS, Others Lead Stada $2.8B Buyout Financing

Reuters reported that Barclays, Nomura and UBS led the leveraged loan financing to support Bain Capital and Cinven’s buyout of German drug maker Stada.

Credit Suisse, Goldman Lead Bain Buyout of Sealed Air

Reuters reported that Credit Suisse and Goldman Sachs are leading the financing for a $2 billion leveraged financing backing Bain Capital’s buyout of Sealed Air’s cleaning and chemicals systems and its food care divisions.

GE Sells A&NZ Lending/Leasing Portfolios to Bain Capital Affiliate

GE reached an agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand to Bain Capital global credit affiliate Sankaty Advisors.

RBC/UBS Provide Financing for Bain Capital Acquisition

Bob’s Discount Furniture announced the signing of a definitive agreement to sell a majority stake in the company to Bain Capital, a global private investment firm. Financing is being provided by RBC and UBS.