Antares Capital is serving as administrative agent and joint lead arranger on a new $58 million senior secured credit facility to support the acquisition of Travelpro Group Holdings by MidOcean Partners.

Boca Raton, FL-based Travelpro is a designer and marketer of luggage under the Travelpro and Atlantic brand names and a licensed luggage, bag and travel accessory provider to the Canadian market through its sister company, Holiday.

“The Antares team understands our strategy and executed this transaction with speed and certainty,” said Daniel Penn, managing director for MidOcean Partners. “We appreciate the supportive approach they demonstrated throughout the process.”

“We’re very pleased to work with MidOcean Partners on their latest investment in Travelpro,” said Graham Manley, Antares managing director.

NY-based MidOcean Partners is a private equity firm focused on the middle market.