Antares served as a lead arranger and is acting as administrative agent for a senior secured credit facility to refinance existing debt and provide additional debt financing for New Mountain Capital’s Gelest.
Founded in 1991 and headquartered in Morrisville, PA, Gelest manufactures and provides silane, silicone and metal-organic compounds serving advanced technology markets worldwide.
“We were pleased to work with Antares on another transaction,” said Laura Holson, managing director and head of capital markets for New Mountain Capital. “Their ability to move quickly, speak for the entire financing solution and support Gelest’s targeted acquisition strategy made them a great fit for this financing.”
“Gelest management has a strong track record of executing their growth plan and New Mountain is a great partner with solid life-science experience,” said Douglas Cannaliato, senior managing director for Antares. “We are excited to welcome Gelest to the Antares portfolio, and to be able to support New Mountain and Gelest management on the company’s next phase of growth.”