In July, Antares Bain Capital Complete Financing Solution (ABCS), a joint venture between Antares Capital and Bain Capital Credit, closed four unitranche transactions totaling $794 million in credit facilities for both new and existing borrowers.
Select unitranche transactions included:
- $139 million senior secured credit facility to support the The Riverside Company’s acquisition of Abracon, global manufacturer of passive and electromechanical timing, synchronization, power, connectivity and RF solutions.
- $325 million senior secured credit facility for AmSpec, an Olympus Partners portfolio company and a provider of testing, inspection, and certification services for petroleum traders and refiners.
- $140 million senior secured credit facility for HFC, a franchisor in the home services category and parent company to Budget Blinds, Tailored Living and Concrete Craft. The funds were used to recapitalize the business and provide a more flexible capital structure to support both organic growth and potential acquisitions.
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“We appreciate the hard work and support from Antares and Bain Capital,” said Anne Hayes, partner, Capital Markets for The Riverside Company. “They quickly delivered on our expectations of a seamless and simple financing.”
Launched in December 2017, ABCS provides private equity sponsors and borrowers with access to first lien unitranche loans of up to $350 million in a single transaction.
Follow the story in ABF Journal:
New Directions: Bain Capital and Antares Capital Join Forces to Provide Unitranche Lending
