The Antares Bain Capital Complete Financing Solution, a joint venture between Antares and Bain Capital Credit, and Macquarie Capital Principal Finance’s Direct Lending business, closed a $355 million senior secured unitranche credit facility in acquisition financing to Crisis Prevention Institute (CPI).
The funding supported its acquisition by Wende on December 23, 2019. Antares, Bain Capital Credit, and Macquarie Capital Principal Finance served as joint lead arrangers on the facility.
Headquartered in Milwaukee, CPI is a provider of behavior management and crisis prevention training programs. For nearly 40 years, CPI has been providing crisis prevention and intervention training programs to help professionals respond to anxious, hostile and violent behaviors with safe and effective methods.
“The speed and flexibility of the ABCS offering coupled with Antares’ long-term relationship with CPI, along with Macquarie Capital Principal Finance’s nimbleness and meaningful commitment, made this an optimal financing solution for CPI,” said Adam Reinmann, CEO at Wendel North America.
“CPI has been part of the Antares portfolio since 2011 and, during that time, we’ve been impressed by both the value they drive for customers and their capable management team,” said Jason Quinn, vice president at Antares. “We’re pleased the ABCS unitranche product met CPI’s needs and we’re confident that CPI and Wendel have a great opportunity ahead.”
