Daily News: April 6, 2016

Antares Agents Facility to Support TK Acquisition by Jordan Company


Antares Capital served as administrative agent and lead arranger on a $224 million senior secured credit facility to support the acquisition of TK Enterprises by The Jordan Company.

“Antares’ speed, flexibility and capital markets capabilities made them the ideal partner for this transaction,” said Pete Suffredini, vice president at The Jordan Company.

“We’re excited to support The Jordan Company’s investment in TKE, a business that has been part of our portfolio for over 10 years,” said Ken Chen, vice president with Antares Capital.

Dallas-based TKE is a designer, distributor and manufacturer of decorative and functional hardware and decorative wood and other products for the kitchen and bath industry.

The Jordan Company is a middle-market private equity firm that manages funds with original capital commitments in excess of $8 billion.