Daily News: February 6, 2019

ABCS Facility Supports Bertram Capital Flow Control Acquisition


The Antares Bain Capital Complete Financing Solution (ABCS) closed a senior secured unitranche credit facility to support Bertram Capital’s acquisition of Flow Control Group.

Founded in 2014, Flow Control is an independent specialty flow control and fluid handling distribution platform which services more than 10,000 customers and 2,000 suppliers from 47 locations across the U.S. and Canada.

“We appreciated the flexibility of the Antares and Bain Capital unitranche solution and their ability to commit to the full facility we required,” said Kevin Yamashita, partner at Bertram Capital. “Overall the process was straightforward and very efficient allowing us to close in a timely manner.”

“We were pleased to continue our support of Bertram and their investment in Flow Control Group,” said Mary Gaede, managing director of Antares Capital. “Flow Control Group has a great partner in Bertram. Together they have the resources and expertise to continue executing on both organic and buy-and-build growth strategies.”

“We are pleased that Bertram found ABCS to be the right fit for their needs,” said Michael Ewald, a managing director at Bain Capital Credit. “Creating value for sponsors and borrowers while executing with precision is the goal of this joint unitranche offering.”

ABCS provides private equity sponsors and borrowers with access to first lien unitranche loans of up to $350 million in a single transaction. It is a joint venture of Antares and Bain Capital.