Antares Capital served as lead arranger and administrative agent on senior secured credit facilities to support the acquisition of Montreal-based healthcare software company Logibec by Novacap.

“The Antares team has a strong knowledge of the healthcare IT space and of Logibec, in particular, making them an ideal lead for this transaction,” Eric Desrosiers, senior partner with Novacap, said. “Additionally, we know that when we work with Antares, they reliably deliver with speed and flexibility.”

“As a leading provider of healthcare IT solutions in Quebec with an entrenched and long-standing customer base, we’re pleased to support Novacap’s investment in Logibec,” Paul Vannelli, senior vice president with Antares, said. “Led by a strong management team and with consistent historical growth, we look forward to what they’ll achieve with Novacap’s backing.”

Antares is a private debt credit manager and provider of financing solutions for middle market private equity-backed transactions.

Novacap is a Canadian private equity firm.