Daily News: May 8, 2019

ABCS Supports Frazier Healthcare Partners Acquisition


The Antares Bain Capital Complete Financing Solution (ABCS), a joint venture between Antares and Bain Capital Credit, closed a $270 million senior secured unitranche credit facility to support the acquisition of Comprehensive Pharmacy Services by Frazier Healthcare Partners.

Founded in 1971 and employing more than 2,500 clinical, regulatory, and operational pharmacy professionals, Comprehensive Pharmacy Services provides pharmacy support services to more than 700 hospitals and healthcare facilities across the U.S. and Puerto Rico.

“We appreciated the certainty and efficiency of the Antares and Bain Capital unitranche solution,” said Ben Magnano, general partner at Frazier Healthcare Partners. “The Antares and Bain Capital Credit teams understand the complexities of the pharmacy space well and together delivered an optimal financing solution.”

“Antares is pleased to support Frazier Healthcare Partners and the continued growth of CPS, a trusted partner to pharmacy leaders,” said Benjamin Chapin, managing director with Antares.

“Leveraging our deep sector expertise, we were able to add value and deliver a flexible financing solution that will allow Frazier Healthcare Partners to build on CPS’ strong market leadership position,” said Carolyn Hastings, a managing director at Bain Capital Credit.

ABCS provides private equity sponsors and borrowers with access to first lien unitranche loans of up to $350 million in a single transaction.

For more information about ABCS on ABF Journal:

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