Antares Capital served as joint lead arranger and will act as administrative agent on a $138 million senior secured credit facility to support Calera Capital Partners’ acquisition of ImageFirst Healthcare Laundry Specialists.
Founded in 1967 and headquartered in King of Prussia, PA, ImageFirst is a linen rental and laundry service company specializing in the healthcare market throughout the U.S.
“The Antares team committed to a large hold position and delivered the financing we required with speed and certainty,” said Ethan Thurow, a managing director with Calera Capital. “We look forward to continuing to work together to support ImageFirst’s growth both organically and through acquisition.”
“ImageFirst’s strong customer-focused culture has helped to differentiate the company and establish it as an industry leader,” said Ryan Simpson, vice president with Antares. “The strength of ImageFirst’s management team and the strategic and operational expertise of Calera will be a powerful combination that will help to propel ImageFirst forward as they continue to execute their growth plans.”
